There was no change to the Franklin International Equity Rotation Model this week, so we look at the Franklin FTSE United Kingdom ETF (FLGB)
There was no change to the Franklin International Equity Rotation Model this week.
International equities remain arguably the hottest asset class, with the group maintaining its top spot in DALI’s ranks. Although some developed markets have slowed down, specific areas still display high levels of strength. Those needing more developed market exposure could look towards the Franklin FTSE United Kingdom ETF (FLGB). It holds a fund score of 4.74, which is 0.31 points higher than the average Non-US Equity fund. FLGB has traded on a positive trend since 2022 and has been on a buy signal for over a year. On a relative basis, it holds both near- and long-term relative strength versus domestic equities, sitting on an RS buy signal and column of Xs versus the S&P 500 Equal Weight Index (SPXEWI). The fund now sits in highly actionable territory near the middle of its ten-week trading band, with initial support located at $33.50 then $32. FLGB also has a strong yield of 3.27 for those seeking income.
