Franklin FTSE South Africa ETF (FLZA) is an exchange-traded fund that tracks the FTSE/JSE South Africa Capped Index, providing exposure to large- and mid-capitalization stocks listed on the Johannesburg Stock Exchange. The fund invests at least 80% of its assets in component securities of the index or depositary receipts representing such securities, employing a replication or representative sampling strategy to mirror the index's performance before fees and expenses; top holdings include Naspers Ltd. (14.46%), FirstRand Ltd. (8.00%), and Standard Bank Group Ltd. (6.49%). Launched in 2018 by Franklin Templeton ETF Trust as part of the Franklin LibertyShares lineup, FLZA operates in the emerging markets equities segment, targeting investors seeking South Africa-focused equity exposure with a focus on total market, broad-based, market cap-weighted composition.
FLZA maintains passive investment operations primarily through its South African equity holdings, with geographic focus on South Africa; it is managed from Franklin Templeton's headquarters in San Mateo, California. The fund exhibits characteristics typical of single-country ETFs, including an expense ratio aligned with peers, quarterly distributions, and volatility metrics such as a 200-day volatility of 24.00% and beta of 1.03.
In recent developments, Franklin Templeton, the fund's sponsor, completed the acquisition of Apera Asset Management in 2025, bolstering its alternative assets under management to $270 billion, though not directly impacting FLZA. The firm expanded its ETF offerings with launches of two new actively managed international equity ETFs in October 2025 and continues to grow its global ETF platform exceeding $50 billion in assets. No specific acquisitions, liquidations, or strategic shifts directly affecting FLZA were reported in 2024-2025, amid broader South African ETF market trends like JSE reforms enabling actively managed ETFs since late 2022.