Nasdaq Dorsey Wright

Franklin ETFs Weekly Feature

Published: May 8, 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 was no change to the Franklin International Rotation Model this week, so we look at the Franklin FTSE Japan ETF (FLJP)

There was no change to the Franklin International Rotation Model this week.

International equities have seen a strong start to the year, and among the largest improvers in relative strength are Japanese equities. Within Asset Class Group Scores, the group had a score as low as 2.61 in January, but Japan now ranks 7th of 134 groups after significant improvement. Those looking to add Japanese equity exposure could look towards the Franklin FTSE Japan ETF (FLJP). FLJP has a fund score of 4.08, which is 0.17 points higher than the average non-US equity. The fund broke a double top at $29 in April to return to a buy signal before then flipping to a positive trend after further upside action. FLJP holds long-term peer relative strength, sitting on an RS buy signal versus iShares MSCI ACWI ex US ETF (ACWX) dating back to 2011. From here, the fund faces some overhead resistance from $31 to $31.50 then again at all-time highs at $32.50. For those seeking additional income within their international equity exposure, FLJP also offers a strong yield of 4.25%.

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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.