There was no change to the Franklin International Rotation Model this week, so we look at the Franklin FTSE Eurozone ETF (FLEU).
There was no change to the Franklin International Rotation Model this week.
It’s been a good two years for international equities, pushing the group up to the top of DALI’s asset class rankings. Within international equities, European countries remain a solid option for those needing more developed market exposure. The Franklin FTSE Eurozone ETF (FLEU) is one above-average fund investors could buy to gain exposure to the region. FLEU holds a strong fund score of 5.08, which is 0.72 points higher than the average non-US equity fund. On its trend chart, the fund recently broke a quadruple top at $36 and has since pulled back to more actionable territory near the middle of its ten-week trading band. FLEU has also traded in a positive trend dating back to 2020, highlighting its long-term absolute strength. The fund also holds near- and long-term relative strength versus domestic equities, sitting in an RS column of Xs and buy signal against the S&P 500 equal weight index (SPXEWI. Initial support lies closely below current levels at $34, with the bullish support line also at $32.
