Nasdaq Dorsey Wright

Franklin ETFs Weekly Feature

Published: May 22, 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 Canada ETF (FLCA).

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

International equities are off to a hot start this year, but among the quieter improvers this year has been Canada. Those looking for Canadian exposure could look towards the Franklin FTSE Canada ETF (FLCA), which has a strong fund score of 4.71, which is 0.52 point higher than the average Non-US and Canadian equity fund. FLCA also has a sharply positive score direction of 2.37, highlighting its recent improvement. The fund broke a double top at $38.50 near the end of April before continuing higher to set new all-time highs. Action at the end of last month also saw the fund return to a positive trend. The Canada fund also holds long-term relative strength over the broader international equity space, with it on an RS buy signal versus the iShares MSCI ACWI ex US ETF (ACWX) dating back to 2020. FLCA also regained near-term relative strength versus domestic equities at the start of April, reversing back into a column of Xs against the equal weight S&P 500 (SPXEWI). Those looking to add the fund at normalized levels could wait for some consolidation or a pullback to the middle of its trading band around $37.

Back to report

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.