
There was no change to the Franklin International Rotation Model this week, so we look at the Franklin FTSE Latin America ETF (FLLA).
There was no change to the Franklin International Rotation Model this week.
Latin America was one of the weakest regions entering 2025, as the group was dead last within Assert Class Group Scores with a score of 0.54. However, the group has managed to turn its technical picture around after a strong start to the year, holding a more than acceptable group score of 3.61. Those looking to add exposure to the region could look toward the Franklin FTSE Latin America ETF (FLLA). FLLA holds a solid fund score of 3.92, which is 0.32 points higher than the Latin American group. The fund also displays a sharply positive score direction of 3.89, highlighting its massive turnaround in strength. FLLA returned to a buy signal near the end of April after breaking a spread triple top at $20.50, in addition to flipping its trend back to positive at that same time. Support lies below at $17.50 with its bullish support line also at that level. Meanwhile, previous resistance around $20 to $19.25 could serve as potential bounce points going forward as well. The fund holds a strong yield of 5.57% for those seeking income.