(FLLA) Franklin FTSE Latin America - Ratings and Ratios

The Franklin FTSE Latin America ETF (FLLA) is designed to track the performance of Latin American equities by investing at least 80% of its assets in securities from the FTSE Latin America Index. This index focuses on large- and mid-cap companies across Latin America, including key markets like Brazil, Mexico, Chile, and Argentina. The fund employs a replication strategy, using depositary receipts to gain exposure to foreign securities, ensuring a cost-effective and efficient tracking of the underlying index. The funds industry concentration mirrors that of the index, maintaining a diversified exposure across sectors such as financials, consumer staples, and materials.

From a technical perspective, FLLA is currently trading at $18.82, slightly below its 20-day moving average of $18.84, suggesting short-term resistance. The 50-day moving average at $18.14 indicates potential medium-term support, while the 200-day moving average at $19.20 signals a possible long-term resistance level. The Average True Range (ATR) of 0.28 reflects low volatility, indicating that price movements are likely to remain stable over the next quarter.

Over the next three months, FLLA is expected to face resistance near the $19.20 level, as indicated by the 200-day moving average. The low ATR suggests that price fluctuations will remain muted, with potential upside limited by the current resistance levels. Investors should monitor the funds ability to breach these technical thresholds, as a breakthrough could signal increased momentum. The funds assets under management (AUM) of $27.51 million indicate moderate liquidity, which may impact trading volume and execution.