
There was no change to the Franklin International Rotation Model this week, so we look at the Franklin U.S. Mid Cap Multifactor Index ETF (FLQM).
There was no change to the Franklin International Rotation Model this week.
Large caps have stolen the show across the last couple of years, but mid caps have quietly staged a strong comeback, rebounding significantly from their lows earlier this year. For investors seeking additional mid cap exposure, the Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is a compelling option. The ETF holds a strong fund score of 4.29, which is 0.44 points higher than the average mid cap fund. FLQM holds both long- and near-term relative strength versus the iShares S&P MidCap 400 Index Fund (IJH), highlighting the fund’s strength over the broader mid cap space. On its default chart, FLQM has been in a positive trend dating back to November of 2023. Looking at the more sensitive $0.50 scale chart, it trades on three consecutive buy signals and is at its highest levels this year. Support lies closely below at $54 and $53, with the bullish support line at $51.50. Resistance is not found until $59, which corresponds to its all-time highs. FLQM can be added here with an overbought/oversold (OBOS) reading of only 40%.