The Franklin FTSE Japan ETF (FLJP) provides access to the Japanese stock market, allowing investors to precisely gain exposure to Japan at a low cost. It tracks an index of large- and mid-size Japanese equities, providing a way for investors to make a targeted bet on one of the largest economies in the world. It seeks to provide investmenet results that closely correspond, before fees and expenses, to the performance fo the FTSE Japan Capped Index.
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Japan has undergone significant periods of economic stagnation, and some tactical investors prefer to manage their exposure to the country rather than outsourcing it to broad, developed-market indexes that include Japan. As of June 2020, FLJP’s management fee is well below average for the category, and considerably lower than the iShares MSCI Japan ETF (EWJ), long the dominant fund in the space. FLJP owns more securities than EWJ, but has more of its portfolio in mid cap stocks. Both funds have broadly similar sector allocations. Another low-cost alternative for investors looking for exposure to Japan is the JPMorgan BetaBuilders Japan ETF (BBJP).
| Fund Inception Date | 2017-11-02 |
| Listed | NYSE Arca |
| FY Ends | Mar 31 |
| ETF Type | Passive |
| Freq of Index Reconstitution | Semi-annually |
| Benchmark | FTSE Japan Capped Index |
| Total Net Assets (as of 2023-06-09) | $1.31 billion |
| Expense Ratio | 0.09% |
| Shares | 48.0M |
| Trading Volume Est | 1m ave: 461,487 |
| 3m ave: 291,120 |
About FTSE Japan RIC Capped Index
FTSE Japan Capped Index 是反映日本最大公司業績的股票市場指數。它是富時日本指數的變體，其中包括在東京證券交易所上市的所有公司。另一方面，富時日本上限指數僅包括市值排名前 500 的公司，每家公司的最大權重為 10%。這意味著較小的公司被排除在指數之外，這可能導致大盤股的投資組合更加集中。
該指數旨在為投資者提供日本股票市場的廣泛代表性，同時限制對任何個別公司的敞口。它被廣泛用作日本股票基金和 ETF 的基準。該指數每季度進行一次審查，以確保其始終代表市場，並根據其成分股市值的任何變化進行調整。