There was no change to the Franklin International Equity Rotation Model this week, so we look at the Franklin FTSE South Korea ETF (FLKR).
There was no change to the Franklin International Equity Rotation Model this week.
Asia-Pacific has been one of the strongest regions of international equities, and chief among the group has been the incredible performance of South Korea. Those looking to gain exposure to the region could look towards the Franklin FTSE South Korea ETF (FLKR), which holds an extremely strong fund score of 5.17 that is 0.75 points higher than the average South Korea fund. Over the last year, FLKR has gained more than 130%, and it is up 34.3% since the start of the year. Global conflict has caused the fund to pull back in recent weeks, seeing FLKR move to two consecutive sell signals. However, the fund was previously extremely overbought, so some normalization isn’t too abnormal. Despite some recent weakness, the fund continues to maintain a strong long-term technical outlook. FLKR was also added to the Franklin model in November, and it has since gained 34.5% over that span. Initial support for the fund lies at $39.50.
