Franklin FTSE Italy ETF
FLIY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Dec 18, 2017
- CIK
- 0001655589
- Similar Companies
- Business
- Franklin FTSE Italy ETF (FLIY) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the FTSE Italy Capped Index, which measures the performance of Italian large- and mid-capitalization stocks. The fund invests at least 80% of its assets in the component securities of the FTSE Italy Capped Index and depositary receipts representing such securities; it is non-diversified, with top holdings typically concentrated in sectors such as financial services, consumer cyclical, utilities, industrials, and energy, including major constituents like Enel S.p.A. and UniCredit S.p.A. Launched on November 2, 2017, and listed on NYSE Arca, FLIY features a low expense ratio of 0.09%, semi-annual distributions, and exposure primarily to Italian equities, providing investors with cost-efficient access to the Italian equity market. Operated by Franklin Templeton, a global asset manager headquartered in San Mateo, California, the ETF targets institutional and retail investors seeking diversified exposure to Italy's developed market equities without currency hedging. Geographic focus remains on Italy, with underlying holdings reflecting large-cap (approximately 74%) and mid-cap (26%) Italian companies across key industries. In recent developments, Franklin Templeton has expanded its ETF distribution efforts in Italy, including the appointment of Vincenzo Sagone as Senior ETF Sales for Italy in September 2024 to bolster business development for UCITS ETFs with local wholesale and institutional investors. The firm continues to launch new ETF products in Europe, such as emerging market and core enhanced equity funds in 2024 and 2025, alongside partnerships like the 2023 agreement with Italian trading platform Directa to distribute ETFs to retail investors, though no specific acquisitions, funding rounds, or product launches directly involving FLIY were reported in the last 1-2 years. These initiatives support Franklin Templeton's broader strategic growth in European ETF markets.