To The Moon

🌟🌟🌟This week Rishi Sunak, British Prime Minister has announced a snap general election to be held in the United Kingdom on July 4.    The FTSE 100 Index tends to move positively in the 6 weeks leading up to a general election.

$Franklin FTSE United Kingdom ETF(FLGB)$ is a great ETF to gain exposure to the best and strongest UK companies at a low cost.  FLGB provides targeted exposure to large and mid sized companies in the United Kingdom that tracks the performance of the FTSE UK Capped Index.

The Top 10 companies include AstraZeneca, Shell PLC, HSBC Holdings, Unilever PLC, BP PLC, GSK PLC, RELX PLC, Rio Tinto PLC, Diageo PLC and Glencore PLC.

The Top 10 weightage is 46%.  Total number of holdings is 105.  The expense ratio is a low 0.09%.  Distributions are paid half yearly.  The current Distribution yield is 3.57%.

AstraZeneca develops, manufactures and sells pharmaceutical and biotechnology products to treat disorders in oncology, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation areas.

Shell produces and supplies oil and gas.  These include fuels and lubricants for hundreds of commercial customers including airlines.

HSBC is one of the world's largest banking and financial services companies.  Its global businesses serve around 42 million customers worldwide through a network that covers 62 countries and territories.

Unilever is one of the world's largest consumer goods companies established over 100 years ago.  Its well known brands include Ben & Jerry's Ice Cream, Liptons Tea, Dove, Vaseline and Tresemme.

BP is another oil and gas company like Shell.  They are both giants in this industry.

GSK is a global  healthcare company with 3 business segments that include research, development and  manufacture of  innovative pharmaceutical medicines, vaccines and consumer healthcare products.

RELX is a global provider of information based analytics and decision tools for professional and business customers. 

Rio Tinto is a major producer of iron ore, salt, bauxite, alumina and aluminium as well as copper. 

Diageo is a global leader in alcoholic beverages with over 200 brands and sales in nearly 180 countries.  Its well known brands include Johnnie Walker Whisky, Smirnoff  Vodka, Baileys Liquor and Guinness Stout.

Glencore is one of the world's largest globally diversified natural resources companies.  It produces and market more than 60 commodities through 150 assets and offices in over 35 countries.  These commidities include coal, copper, lead zinc and nickel cobalt.

Performance wise FLGB is up 0.8% today and has risen 11% year todate.  In 2023 FLGB is up 14%.

I like FLGB for its wide diversification of businesses and its low cost entry point.  Its expense ratio of 0.09% is the lowest among other similar ETFs.  Best of all FLGB pays regular dividends every 6 months.  Over the medium  to longer term, the United Kingdom remains a stable investing environment. $Franklin FTSE United Kingdom ETF(FLGB)$ is a great way to tap into this exciting country.

There maybe a possibility of the Labour Party winning this election after 14 years of Conservative Party's government.   British inflation has dropped to 2.3% in April, marking its lowest level since July 2021.  There is a renewed sense of optimism in the UK.  I believe that FLGB is on the rise and a good time to buy FLGB is Now. 

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