ENOR vs FLGB

ENORDiShares MSCI Norway ETF

FLGBAFranklin FTSE United Kingdom ETF

In short

ENOR One ticker for Norway's listed market, large caps down to small. The index reaches roughly 99% of the country's investable stocks and applies caps that stop any single giant from swallowing the fund.

FLGB Britain in one ticker for nine basis points. Franklin's UK tracker follows a capped FTSE index of roughly 110 British companies and charges a small fraction of what the typical index fund in its peer group costs.

Stated mandate

ENOR The fund seeks to track an index composed of Norwegian equities and provides targeted, single-country exposure to companies in Norway.

FLGB The fund seeks to track, before fees and expenses, the performance of the FTSE UK RIC Capped Index.

Why people hold it

• ENOR Broad reach for a single-country fund: the MSCI Norway IMI 25/50 Index spans large, mid and small caps and covers about 99% of Norway's free float-adjusted market.msci.com
• Concentration limits are built into the index. It applies the 25/50 caps US funds must respect, so no one stock can run away with the portfolio.msci.commsci.com 2
• Over a decade of live history, launched by iShares in 2012 and traded through multiple market cycles since.ishares.com

• FLGB 0.09% a year, a fraction of the median fee across the index trackers we grade. Cheap is the whole pitch for single-country beta, and this one delivers it.
• One trade, roughly 110 UK companies. A passive, rules-based mandate tied to the FTSE UK RIC Capped Index, running since its 2017 launch.
• Stands in the top quartile of its plain-index-wrapper peer group, and the mandate data behind that read is high confidence.

Worth knowing

• ENOR The 0.53% fee sits a touch above the median for developed single-country funds, and well above the 0.09% charged by trackers such as FLKR and FLAU.
• About 60 stocks in one small market, and the krone matters: returns reflect the currency's move against the dollar as well as the shares.ishares.com
• Modest in size and only moderately traded, so spreads can run wider than on giant broad-market funds. Limit orders are your friend.

• FLGB Single-country by design: UK listings only, so there is no cushion from other markets inside the fund. Broad global trackers like VT spread that bet differently.
• Moderately traded rather than a volume monster, so limit orders are the sane way in and out.
• Distributions arrive once or twice a year, not monthly. Income lands in lumps.

Full ENOR profile⁠

Full FLGB profile⁠