Franklin FTSE France ETF [FLFR] Stock Forecast

The ETF industry made a strong showing during the past week, with 16 new funds making their debuts and several funds closing. Gotham, Qraft, the Bahnsen Group, Simplify, First Trust, Global X, Avantis and Janus Henderson all rolled out new ETFs.

The past week saw a spike in ETF launches, with 19 new funds debuting.

Europe investing has outperformed the United States in the initial phase of 2023. Cheaper valuation, upbeat corporate earnings, a more resilient economy and still-lower interest rates in Europe than United States have led to the rally.

While France's real GDP per capita grew by 15.8% between 2000 and 2019, the national average masks significant regional disparities. In absolute terms, the disparity in regional inequality is elevated with a strong concentration of economic activity.

House price growth in the eurozone is at its highest since 2006 as housing markets were supported by a limited impact of the pandemic on household finances, rising savings, historically low-interest rates, favorable financing conditions, and changing preferences. The improved macroprudential framework in Europe, increased supply of housing, and bottoming out of interest rates are expected to ease the upward pressures on price growth.

France: Inflation, New Health Scare Pose Risks To Consumer Spending

In France, the business climate improved to 114, exceeding its already high level in June and remaining well above its long-term average. However, this is mainly due to the service sector, which is a major risk given the evolution of the pandemic.

Flash Eurozone PMI at 52.5 in March signals return to growth. Manufacturing expands at record pace, helping offset service sector weakness.

The stimulus scheme designed to lift the country out of the recent slump aggravated by COVID-19 will cost 100 billion euros, or about 120 billion dollars.

The unemployment rate of 7.1% is not a good measure of the situation. A return to normality will mean higher unemployment rates.

Franklin FTSE France ETF is a US stock and trading under the symbol FLFR

Franklin FTSE France ETF stock price is $27.7299 today.

Yes, Franklin FTSE France ETF is a publicly traded company.