There was no change to the Franklin International Equity Rotation Model this week, so we look at the Franklin US Large Cap Multifactor Index ETF (FLQL).
There was no change to the Franklin International Equity Rotation Model this week.
Domestic equities continue to be one of the strongest area of financial markets, with the group sitting firmly in second in DALI’s rankings. Meanwhile, large caps continue to demonstrate the most relative strength of any size group within domestic equities. Those hoping to add more exposure could consider the Franklin US Large Cap Multifactor Index ETF (FLQL). It holds an extremely strong fund score of 5.51, which is 1.15 points higher than the average US large cap fund. Meanwhile, FLQL has traded in a positive trend dating back to 2022 and has been on a buy signal since April. On a relative basis, the fund has demonstrated near- and long-term relative strength versus domestic equities, sitting on a column of Xs and an RS buy signal versus the S&P 500 Equal Weight (SPXEWI). The fund has recently returned to actionable territory, leaving initial support at $75, with it close to the middle of the ten-week trading band.
