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Australian trade surplus beats forecasts while August services PMI holds in expansion
Seeking Alpha News (Thu, 3-Sep 12:40 AM ET)
Australia’s economy expands 0.4% in Q2, topping estimates as annual growth eases to 2.1%
Seeking Alpha News (Wed, 2-Sep 12:56 AM ET)
Australia’s August manufacturing PMI confirmed at 52.0, holding at highest level since January
Seeking Alpha News (Tue, 1-Sep 1:06 AM ET)
Franklin FTSE Australia ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Australia Capped Index. FTSE Australia Capped Index is a market-capitalization weighted index representing the performance of Australian large and mid capitalization stocks.
Franklin FTSE Australia ETF trades on the ARCA stock market under the symbol FLAU.
As of September 4, 2026, FLAU stock price declined to $36.14 with 9,448 million shares trading.
FLAU has a beta of 0.79, meaning it tends to be less sensitive to market movements. FLAU has a correlation of 0.35 to the broad based SPY ETF.
FLAU has a market cap of $229.52 million. This is considered a Small Cap stock.
In the last 3 years, FLAU traded as high as $39.87 and as low as $23.99.
FLAU has underperformed the market in the last year with a price return of +16.3% while the SPY ETF gained +19.8%. However, in the short term, FLAU had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.7% vs +2.0% return in SPY. But in the last 2 weeks, FLAU shares have been beat by the market, returning +0.3% compared to an SPY return of +0.6%.
FLAU support price is $35.71 and resistance is $36.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLAU shares will trade within this expected range on the day.