(FLBR) Franklin FTSE Brazil - Ratings and Ratios

The Franklin FTSE Brazil ETF (NYSE ARCA: FLBR) is designed to provide exposure to the performance of Brazilian large- and mid-capitalization stocks. Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Brazil Capped Index and in depositary receipts representing such securities. The FTSE Brazil Capped Index is a modified market-capitalization weighted index that limits the weight of any single issuer to 10% to reduce concentration risk. The fund is non-diversified, meaning it can invest a greater proportion of its assets in a smaller number of securities compared to diversified funds.

From a technical perspective, the funds short-term trend appears weak, with its last price of $15.04 below its 20-day simple moving average (SMA) of $15.75. However, the 50-day SMA of $15.09 suggests muted downside momentum. The 200-day SMA of $16.27 indicates a broader downtrend. Average trading volume over the past 20 days is 67,471 shares, reflecting moderate liquidity. The Average True Range (ATR) of 0.26 points to moderate volatility. Based on these metrics, the funds price could oscillate between $14.78 and $15.30 over the next three months, with potential downside limited by support near the 200-day SMA. Fundamental factors, such as Brazils economic outlook and commodity prices, will also influence performance.

The funds assets under management (AUM) of $159.53 million reflect its targeted exposure to Brazilian equities. Its focus on the FTSE Brazil Capped Index ensures diversification across key sectors of the Brazilian economy, providing investors with a cost-effective way to gain access to the regions growth potential. The funds structure allows it to track the index closely, making it a suitable choice for investors seeking pure-play exposure to Brazilian stocks.