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.

While the broader international equity space has done quite well this year, South Korea has arguably been the brightest spot in the group. The emerging market nation has benefitted significantly from companies in the memory and semiconductor chip space, with Samsung and SK Hynix being among the largest beneficiaries of the AI buildout. Overall, the region’s stock market has doubled since the start of the year, with most South Korea funds doing the same. Those hoping to gain exposure to the region could look towards the Franklin FTSE South Korea ETF (FLKR), which holds a near-perfect fund score of 5.99. The fund has been a holding in the Franklin International Equity Rotation Model since November of last year, with the fund doubling since then. FLKR returned to a buy signal this week and has traded in a positive trend for over a year. The fund also demonstrates relative strength versus domestic equities, sitting on an RS buy signal and in a column of Xs against the S&P 500 Equal Weight Index (SPXEWI). Recent upward action has left the fund in heavily overbought territory, with FLKR trading above the top of its ten-week trading band. Those without current exposure could dollar cost average in or wait for some pullback or consolidation. Lastly, FLKR offers a solid yield of 2.45%.