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FTSE Brazil ETF (FLBR) Hits Fresh 52-Week High
ZACKSยท 2025-12-03 18:56
Core Viewpoint - The Franklin FTSE Brazil ETF (FLBR) has reached a 52-week high and has increased by 48.4% from its 52-week low price of $13.98 per share, raising questions about its potential for further gains [1] Group 1: Fund Overview - FLBR provides exposure to large and mid-cap stocks based in Brazil and charges an annual fee of 19 basis points [2] Group 2: Factors Behind the Rise - The rise of FLBR to a 52-week high is attributed to the strengthening of Brazil's currency (the Real) and record highs in the Brazilian stock market, driven by expectations of future interest rate cuts by Brazil's central bank and a favorable outlook due to a potentially weaker U.S. dollar [3] Group 3: Future Outlook - FLBR is expected to maintain its strong performance in the near term, indicated by a positive weighted alpha of 37.98, suggesting potential for further rally [4]