Franklin FTSE Korea UCITS ETF (FLXK)

Profile

https://am.jpmorgan.co.uk/investment-trusts/trusts/european-smaller-companies-jpm-it.aspx?isin=GB00BMTS0Z37

Franklin FTSE Korea UCITS ETF is an exchange-traded fund that provides targeted exposure to the South Korean equity market by investing in large and mid-capitalization stocks. It tracks the FTSE Korea 30/18 Capped Index through a physical full replication method, holding all index constituents in the same proportions to mirror the benchmark's performance. The fund employs a passive management style and capitalizes dividends, reinvesting them to support long-term growth. Key sectors include information technology, industrials, financials, consumer discretionary, health care, and communication services, reflecting the diverse composition of the Korean market. Domiciled in Ireland and managed by Franklin Templeton, the ETF is registered for distribution across multiple European countries such as Austria, Germany, France, Italy, and the United Kingdom. Launched in 2019, it offers investors a straightforward vehicle for accessing prominent South Korean companies, emphasizing market-cap weighting with caps to limit concentration risk in the largest holdings.