UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
FLBR
FLBR NYSE
Franklin FTSE Brazil ETF · by Franklin Templeton
Price
R$23.50
YTD return
+4.80%
1Y return
8.20%
Expense ratio
0.19%
Dividend yield
5.20%
AUM
$250M
FLBR provides cost-efficient exposure to Brazilian equities at 0.19% expense ratio. The fund tracks the FTSE Brazil Capped Index, covering Brazil's commodity-rich and consumer-driven economy.
FLBR: Cost-Effective Brazil Investing
The Franklin FTSE Brazil ETF provides broad Brazilian equity exposure at a competitive 0.19% expense ratio, significantly undercutting EWZ's 0.59% fee. For long-term Brazil investors, this cost advantage compounds meaningfully over time.
Brazil's Economic Profile
Brazil is the world's 9th largest economy and Latin America's powerhouse. Rich in natural resources (iron ore, soybeans, oil), it also has a massive consumer market of 215 million people. Key sectors include financials (Itaú, Bradesco), energy (Petrobras), mining (Vale), and consumer goods (Ambev).
Commodity Exposure
Brazil's market is heavily influenced by commodity prices. Vale (iron ore) and Petrobras (oil) are among the largest holdings, making Brazilian ETFs a proxy for commodity market sentiment. When commodity prices rise, Brazilian equities tend to outperform.
Currency Volatility
The Brazilian real (BRL) is one of the most volatile major currencies, which can significantly amplify or reduce returns for USD-denominated investors. Interest rate differentials between Brazil and the US also influence currency dynamics.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Vale S.A. | VALE | Materials | 12.50% | $15.31 -2.67% |
| 2 | Petrobras | PBR | Energy | 10.80% | $20.51 -1.68% |
| 3 | Itau Unibanco | ITUB | Financials | 8.20% | $8.22 1.73% |
| 4 | Banco Bradesco | BBD | Financials | 5.50% | $3.46 0.29% |
| 5 | Ambev | ABEV | Consumer Staples | 4.20% | $3.04 1.67% |
Frequently asked questions
Why choose FLBR over EWZ?
FLBR charges 0.19% vs EWZ's 0.59%, saving approximately $40 per year on a $10,000 investment while providing similar Brazilian equity exposure.
What drives Brazilian stock performance?
Commodity prices, interest rate policy by the Brazilian central bank, political stability, and the BRL/USD exchange rate are the primary drivers.
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Community
FLBR discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
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