Franklin FTSE Saudi Arabia ETF
FLSA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Oct 11, 2018
- CIK
- 0001655589
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin FTSE Saudi Arabia ETF (FLSA) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, closely correspond to the total return performance of the FTSE Saudi Arabia RIC Capped Index. The fund invests at least 80% of its assets in the component securities of the underlying index and in depositary receipts representing securities in the index; it may also invest up to 20% of its assets in certain futures, options, and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index but which the fund's investment advisor believes will help the fund track the index. The FTSE Saudi Arabia RIC Capped Index measures the performance of Saudi Arabian large- and mid-capitalization stocks that meet specific market capitalization, liquidity, and other requirements established by FTSE Russell; it is a free float-adjusted market capitalization-weighted index that applies a 5% cap to individual constituent weights and a 25% cap to the sum of weights of constituents exceeding 4.5%. FLSA, managed by Franklin Templeton ETF Trust and sub-advised by Franklin Advisers, Inc., was launched on April 29, 2019, and is headquartered in San Mateo, California, with primary listing on the NYSE Arca exchange. The fund targets investors seeking exposure to the Saudi Arabian equity market, particularly in sectors such as financials, materials, energy, and consumer staples that dominate the index; it operates globally but focuses its portfolio on Saudi-listed securities, reflecting Saudi Arabia's Vision 2030-driven market liberalization and inclusion in emerging market benchmarks. Recent developments include the fund's ongoing benefit from Saudi Arabia's 2019 full inclusion in the FTSE Russell Emerging Index, which boosted foreign investment inflows estimated at over $20 billion through 2025; in 2024, FLSA experienced asset growth amid heightened U.S. investor interest in Gulf markets following Aramco's continued dividend expansions and the Public Investment Fund's diversification push; no major acquisitions, partnerships, or structural changes have been announced for the fund itself in the past two years, though parent Franklin Templeton completed its $1.8 billion acquisition of Putnam Investments in November 2023, enhancing its ETF platform capabilities.