First Trust Latin America AlphaDEX Fund

FLN

Market cap $22M

2025 was a big year for ex-U.S. equities, as a declining dollar, tariff uncertainty, and domestic concentration risk drove investors abroad. Broad ex-U.S. equities performed well and rewarded those investors, but it was some notable subregions that really delivered.

FLN which follows an enhanced stock selection methodology while picking Latam stocks has outperformed EMs and global markets quite handsomely this year. We measure FLN against the standard ILF ETF, which is the largest Latam focussed ETF. 78% of FLN's holdings come from regions that are staring at a dispiriting growth outlook.

China and Hong Kong markets had a humbling 2023 with equities down more than 10%. Beijing has also begun stepping up tourism and travel promotions, granting visa-free entry to 11 countries, with Singapore and Thailand the latest to be included.