FLBR - FLBR: Wait On The Sidelines

2024-02-17 05:34:35 ET

Summary

• The Franklin FTSE Brazil ETF offers low-cost access to mid-and-large-cap Brazilian stocks.
• We touch upon a few differing characteristics of FLBR in relation to its largest peer- EWZ.
• Brazilian macros may not be as resilient as they've been through FY23, and compared to the other BRICS, the drop-off in GDP in 2024 will be the most pronounced.
• The risk-reward on the charts look unappealing.

ETF Characteristics vs Its Largest Peer

Investors on the lookout for low-cost access to mid-and-large-cap Brazilian stocks may consider looking at The Franklin FTSE Brazil ETF ( FLBR ). Granted, FLBR isn't as popular as the flagship Brazilian ETF -iShares MSCI Brazil ETF ( EWZ ) which has an AUM figure that is 36x that of FLBR's corresponding figure. However, do consider that the former only came to the bourses around 6 years back, whereas the latter has been in existence for well over 23 years now....

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