FLGB vs KMCA

FLGBAFranklin FTSE United Kingdom ETF

KMCAFPLUS Korea Manufacturing Core Alliance Index ETF

In short

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.

KMCA Korea, minus the index filler. KMCA holds roughly 40 companies in the industries Korea actually dominates: AI chips, batteries, shipyards, defense, power grid and nuclear, robotics. Hanwha's PLUS lineup, wrapped for US buyers.

Stated mandate

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

KMCA The Fund seeks investment results that generally correspond to the performance of an index, before fees and expenses.

Why people hold it

• 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.

• KMCA A thesis, not a benchmark: the index targets Korean firms tied to AI semiconductors, rechargeable batteries, shipbuilding, defense, power grid and nuclear energy, and robotics.prnewswire.com
• Roughly 40 holdings, so chipmakers, shipyards and defense names carry real weight instead of sitting as rounding errors in a market-cap list.
• Rules-based and index-tracked, built by Hanwha Asset Management's PLUS team and brought to the US by white-label specialist Exchange Traded Concepts.prnewswire.cominvesting.com

Worth knowing

• 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.

• KMCA 0.65% a year sits above the typical single-country developed-market fund; broad UK and Canada trackers like FLGB and FLCA charge 0.09%.
• A 2026 launch with a small asset base: the record is short, and thinner trading can mean wider bid-ask spreads.
• Non-diversified and cyclical: memory prices, shipyard order books and defense budgets swing this basket, and you carry Korean won exposure.yahoo.comprnewswire.com

Full FLGB profile⁠

Full KMCA profile⁠