Nasdaq Dorsey Wright

Franklin ETFs Weekly Feature

Published: April 17, 2025

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

There were no changes to the Franklin International Rotation Model this week, so we look at the Franklin FTSE Switzerland ETF (FLSW).

There were no changes to the Franklin International Rotation Model this week.

International equities have seen plenty of improvement this year, partially thanks to the dollar’s (DX/Y) swift decline from last year’s highs. Among international equities, Europe has been one of the strongest areas, as the continent holds the top two international ranks in DALI. Meanwhile, the region ranks third among all groups with an average score of 4.29 within Asset Class Group Scores. Those looking to add exposure to the region could look towards the Franklin FTSE Switzerland ETF (FLSW). FLSW has a strong fund score of 4.77, which is 1.45 points higher than the average non-US equity, in addition to having a sharply positive score direction of 3.31. The fund returned to a positive trend earlier in March when it also moved to a buy signal. FLSW holds long-term peer relative strength, as the fund has been on an RS buy signal versus iShares MSCI ACWI ex US ETF (ACWX) dating back to 2009. After pulling back from all-time highs, the fund has reversed up into a column of Xs to its current actionable levels around the middle of its 10-week trading band. Initial support lies at $32 with its bullish support line at that same level.

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DISCLOSURE

Franklin Templeton Distributors has arranged with Dorsey Wright to provide this specialized ETF model which holds the Franklin LibertyShares ETFs. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included therein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including Franklin LibertyShares ETF shares. Neither Franklin Templeton Distributors nor Dorsey Wright through this ETF page provide investment advice or recommendations regarding any security, fund or market. The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or Franklin Templeton Distributors. If you are not familiar with the Point & Figure methodology, we suggest you read “Point & Figure Charting, 4th Edition” by Thomas J. Dorsey. If you are not familiar with the Franklin LibertyShares ETF product, or Exchange Traded Funds (ETFs), we suggest you visit www.libertyshares.com. The relative strength strategy is NOT a guarantee. There may be times where all investments and strategies are unfavorable and depreciate in value. Relative strength is not predictive and there is no assurance that forecasts based on relative strength can be relied upon.