UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
FLMX
FLMX NYSE
Franklin FTSE Mexico ETF · by Franklin Templeton
Price
MX$37.41
YTD return
+5.20%
1Y return
8.80%
Expense ratio
0.19%
Dividend yield
2.80%
AUM
$55M
FLMX provides low-cost Mexican equity exposure at 0.19% expense ratio. Mexico benefits from nearshoring trends as US companies move manufacturing closer to home.
FLMX: Mexico's Nearshoring Boom
Franklin FTSE Mexico ETF provides cost-efficient access to the Mexican equity market at a time when nearshoring trends are transforming Mexico's economic prospects. As US companies seek to reduce dependence on Chinese manufacturing, Mexico has emerged as the premier alternative.
Nearshoring Tailwind
Mexico's geographic proximity to the US, competitive labor costs, USMCA trade agreement benefits, and growing industrial infrastructure make it the primary beneficiary of the global supply chain reorganization. Factory construction in northern Mexico has surged, boosting demand for Mexican real estate, financial services, and industrial companies.
Domestic Consumption Growth
Mexico's growing middle class and rising wages create expanding domestic consumption opportunities. Consumer staples companies like Walmart de Mexico, FEMSA (Coca-Cola bottler), and Grupo Bimbo benefit from this demographic trend.
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 | America Movil | AMX | — | 10.20% | — |
| 2 | Walmart de Mexico | WALMEX | — | 8.50% | — |
| 3 | FEMSA | FMX | Consumer Staples | 7.80% | — |
| 4 | Banorte | GFNORTEO | — | 6.20% | 198.44 0.93% |
| 5 | Grupo Mexico | GMEXICO | Basic Materials | 5.50% | — |
Frequently asked questions
What is nearshoring and how does it benefit Mexico?
Nearshoring is the practice of moving manufacturing operations to nearby countries rather than distant ones. Mexico benefits as US companies move production from China to Mexico, creating jobs and investment.
How does FLMX compare to EWW?
FLMX charges 0.19% vs EWW's 0.49%, offering Mexico exposure at lower cost. However, EWW has more liquidity due to its larger asset base.
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Community
FLMX discussion
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