There were no changes to the Franklin International Equity Rotation Model this week.
There were no changes to the Franklin International Equity Rotation Model this week.
Several of the last few editions of coverage of the Franklin suite have highlighted strength from the broader Asia space, and for good reason. From a broader perspective, international equities continue to excel as the US dollar has declined to open Q2. More specifically, Asia-focused representatives continue to present several featured points of relative strength, seeing the group hold an average score of 4.41 on NDW’s Asset Class Group Scores page. Areas outside of China (which holds a relatively weaker average score of 3.27) are buoying the Asia group, signaling the need to look elsewhere in Asia to find leadership.
Up nearly 50% so far in 2026, the Franklin FTSE South Korea ETF (FLKR) is a technical leader which is looking to retest its all time highs from earlier in 2026. Despite the swift magnitude of upside action in 2026, the fund is far from overbought after seeing some consolidation to close the first quarter. Having reversed back into X’s on its default chart over the past few weeks, FLKR holds a near-perfect 5.99 fund score as it sits without resistance until $49.50. Support is offered just below current levels at $44.