ENOR vs FLKR

ENORDiShares MSCI Norway ETF

FLKRBFranklin FTSE South Korea 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.

FLKR Korea in one passive basket for 0.09% a year, a fraction of the 0.50% typical single-country fee. Roughly 160 Korean names tracking a capped FTSE index, run as plain index plumbing rather than a stock-picking bet.

Stated mandate

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

FLKR The Fund uses a passive indexing approach to seek returns that closely correspond, before fees and expenses, to the FTSE South Korea 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

• FLKR Charges 0.09% a year against a 0.50% median for single-country developed-market ETFs, tying FLAU as the cheapest fee among this cohort's leaders and undercutting EWC and EWU by a wide margin.
• Straight indexing: it seeks returns that closely correspond, before fees, to the FTSE South Korea Capped Index. No manager views, no discretionary tilts.
• The capped index spreads roughly 160 stocks and limits how far any single giant can dominate the basket, which matters in a market this top-heavy.
• A billion-dollar-plus fund that trades actively, and it has been running since 2017, so it is well past the launch-window stage.

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.

• FLKR One country, one currency. Korean shares price in won, so the exchange rate is baked into what a US investor sees, separate from how the companies do.
• Roughly 160 stocks in a single export-driven market is a narrow slice next to a global fund. Capping softens concentration, it does not erase it.
• Distributions land annually or semiannually, not monthly, so it is built as an equity holding rather than an income schedule.

Full ENOR profile⁠

Full FLKR profile⁠