Franklin FTSE Korea UCITS ETF
FLRK.L
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- Franklin FTSE Korea UCITS ETF (FLRK.L) is an exchange-traded fund that seeks to track the performance of the FTSE Korea 30/18 Capped Index, providing exposure to large- and mid-capitation equities in South Korea through full physical replication; the fund accumulates dividends by reinvesting them, employs a total expense ratio of 0.09% per annum, and holds approximately 144 securities with top holdings including Samsung Electronics Co., Ltd. (23.89%), SK hynix, Inc. (10.17%), and KB Financial Group, Inc. (2.87%). The ETF focuses on South Korean companies across sectors such as information technology (48.20%), industrials (19.00%), and financials (10.50%), with nearly all assets (99.96%) allocated to South Korea and the remainder in cash equivalents. Launched on June 4, 2019, and domiciled in Ireland as part of the Franklin Templeton ICAV umbrella, it trades on multiple exchanges including the London Stock Exchange (FLRK in GBP, FLXK in USD), Euronext Amsterdam, Borsa Italiana, Deutsche Börse Xetra, and SIX Swiss Exchange, with assets under management reaching GBP 916 million as of late 2025. Geographic operations are centered on South Korea for underlying investments, with investor access across Europe in countries including the United Kingdom, Germany, France, Italy, the Netherlands, Switzerland, and others where the fund is registered for marketing. The fund is managed by Franklin Templeton, with portfolio managers Dina Ting and Lorenzo Crosato since inception, joined by David McGowan in 2025. Recent developments include substantial assets under management growth from EUR 491 million six months prior to approximately EUR 1,178 million as of October 31, 2025, reflecting heightened investor interest amid strong year-to-date performance of +58.70% and one-year returns of +39.53%; this expansion aligns with Franklin Templeton's broader ETF initiatives, such as the September 2025 strategic partnership with Copenhagen Infrastructure Partners, DigitalBridge, and Actis to enhance infrastructure solutions, alongside ongoing launches like the Franklin Solana ETF in December 2025, though no specific acquisitions, funding rounds, or product changes directly impacted this ETF in the last 1-2 years.