There was no change to the Franklin International Equity Rotation Model this week, so we look at the Franklin FTSE Taiwan ETF (FLTW).
There was no change to the Franklin International Equity Rotation Model this week.
Most international markets have seen sharp pullbacks over the last several weeks, with many regions moving into correction or even bear market territory. On such region that moved into a correction was Taiwan, but unlike some other international regions, the country continues to demonstrate a high level of relative strength. Those seeking to gain exposure to the region could look towards the Franklin FTSE Taiwan ETF (FLTW). The ETF holds a near-perfect fund score of 5.95, which is 1.16 points higher than the average Emerging Market Equity. FLTW trades on seven consecutive buy signals dating back to April of last year, with it trading in a positive trend during most of that time as well. The fund also holds near- and long-term relative strength versus the domestic equity market, with it sitting on an RS buy signal and column of Xs versus the S&P 500 Equal Weight (SPXEWI). FLTW has also been a holding within the Franklin International Equity Rotation Model since November, during which it has gained a cumulative 20.18%. Recent consolidation for the fund over the last month has left it in actionable territory, so those looking to buy could do so here.
