UK Equity ETF (FLGB) Hits New 52-Week High

Core Viewpoint - Franklin FTSE United Kingdom ETF (FLGB) has reached a 52-week high, increasing by 44.54% from its 52-week low of $25.10 per share, indicating strong momentum and potential for further gains [1] Group 1: ETF Overview - FLGB tracks the FTSE UK RIC Capped Index, which is a market-capitalization weighted index representing UK large and mid-cap stocks [2] - The ETF charges an annual fee of 0.09% [2] Group 2: Market Drivers - The FTSE 100, the UK's benchmark index, has reached a record high due to softer domestic inflation data, which has raised expectations for potential interest rate cuts by the Bank of England as early as March [3] Group 3: Performance Outlook - FLGB holds a Zacks ETF Rank of 3 (Hold) and has a positive weighted alpha of 30.89, suggesting the possibility of continued strong performance in the near term [4]