Franklin FTSE Japan ETF
FLJP

$30.28

2.51%

Market Cap: $2.11B

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

94% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 17

75% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 32

13% more funds holding

Funds holding: 123 [Q1] → 139 (+16) [Q2]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q1] → 6 (-1) [Q2]

15.68% less ownership

Funds ownership: 62.93% [Q1] → 47.24% (-15.68%) [Q2]

17% less capital invested

Capital invested by funds: $1.2B [Q1] → $1B (-$201M) [Q2]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $40K

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Research analyst outlook

We haven’t received any recent analyst ratings for FLJP.

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Financial journalist opinion

Japan: Hotter Than Expected Inflation, Output Rebound Should Support The BoJ's Policy Normalization

Today's data were a mixed bag, but the Bank of Japan will pay more attention to the sharp rise in Tokyo's inflation. Tokyo consumer prices rose more than expected to 2.6% YoY (vs 2.2% in July, 2.3% market consensus).

Japan: Hotter Than Expected Inflation, Output Rebound Should Support The BoJ's Policy Normalization

BoJ Hikes By 25 Bps And Starts QT: Too Little Too Late, But In Right Direction To Prop Up The Plunging Yen

The “real” policy rate is massively negative, with the new policy rate of 0.25% far below Core CPI of 2.6%. When QT reaches about ¥3 trillion per month in 2026, it would represent a reduction of its JGB holdings of about 0.5% per month.

BoJ Hikes By 25 Bps And Starts QT: Too Little Too Late, But In Right Direction To Prop Up The Plunging Yen

FLJP: A Good Japan Fund, But Be Careful Of The Yen

Japan's markets have been strong due to Yen weakness, making Franklin FTSE Japan ETF a good long-term investment option for exposure to Japan's competitive and efficient markets. The FLJP ETF mirrors the FTSE Japan RIC Capped Index, providing broad exposure to large and mid-cap Japanese equities, including major global players like Toyota and Sony. FLJP offers low-cost access to Japan's equity market, but the fund is not currency hedged, posing a risk if the Yen strengthens significantly.

FLJP: A Good Japan Fund, But Be Careful Of The Yen

Escape Velocity: Japan's Drift Toward Sustained Inflation

Japan has been struggling for some time to generate enough velocity in inflation to escape the gravitational pull of deflation. The story for the rest of 2024 and into 2025 is now centered on whether inflation will be sustained at the BOJ's 2% target.

Escape Velocity: Japan's Drift Toward Sustained Inflation

What's The Next Step For The Bank of Japan?

In March, the Bank of Japan abolished its 8-year-old negative interest rate policy, hiking rates for the first time in 17 years by raising its benchmark rate to 0-0.1%. To combat inflation while also avoiding an excessive surge in interest payments, the BOJ is considering passive quantitative tightening.

What's The Next Step For The Bank of Japan?

Mixed Japanese Data Supports BoJ's Policy Normalization

We'd rather downplay the weaker-than-expected manufacturing data and focus on a solid recovery in retail sales and a reacceleration in inflation, which will be welcomed by the Bank of Japan. Inflation has been quite choppy due to various government programmes and utility prices.

Mixed Japanese Data Supports BoJ's Policy Normalization

What Has Led To Japan's Come-Back?

By end-April 2024, Japanese equities had outperformed the FTSE All-World index over 12 months and in the year to date. Japan has undertaken significant structural corporate reforms in recent years.

What Has Led To Japan's Come-Back?

ETF Prime: Chang on Vanguard's CEO, Global Flows, and More

On this week's episode of ETF Prime, host Nate Geraci sat down with VettaFi Senior Industry Analyst Kirsten Chang to discuss Vanguard's new CEO, ETF flows around the globe, and mounting interest in China-based ETFs. Later, Dave Nadig joined Geraci to discuss the push to use ETFs as a share class of mutual funds.

ETF Prime: Chang on Vanguard's CEO, Global Flows, and More

Weak Yen Unlikely To End Japan's Rally

A weak yen is unlikely to end the positive momentum in Japanese equities. The drivers of the recent rally remain, so we stay overweight Japanese stocks.

Weak Yen Unlikely To End Japan's Rally

FLJP: On Second Thought, The Yen Probably Stays Weak

The Franklin FTSE Japan ETF is mostly value-weighted and has an overweight position in consumer discretionary and IT sectors. The Yen is weak, which is generally good for the FLJP, but it could derail the Japanese consumer, which matters for policy and for the performance of some market sectors. We thought a BoJ pivot might raise the Yen up a bit, but the pivot was underwhelming and it seems structural issues will keep the Yen weak.

FLJP: On Second Thought, The Yen Probably Stays Weak

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