
There was no change to the Franklin International Rotation Model this week, so we look at the Franklin US Large Cap Multifactor Index ETF (FLQL).
There was no change to the Franklin International Rotation Model this week.
Domestic equities have solidified their position in recent months, with the group back to holding a substantial lead over the next closest asset class in DALI’s rankings. Those looking for domestic exposure could look towards the Franklin US Large Cap Multifactor Index ETF (FLQL). It currently holds a strong fund score of 5.56, which is 1.04 points higher than the average domestic growth fund. FLQL is up 10.9% year-to-date, outpacing the S&P 500 by around 3%. The fund has improved significantly since the market’s bottom in April, returning to a buy signal with it holding a positive score direction of 1.77 as well. FLQL has been in a positive trend dating back to 2022 and is once again trading around all-time highs. Recent upward movement has left the fund somewhat overextended near the top of its 10-week trading band with an overbought/oversold (OBOS) reading of 87%. As such, those looking to add might be best suited to wait for some pullback or consolidation. Initial support for FLQL lies at $52 then $49 while previous resistance in the low $60s could serve as future bounce points as well.