While Everyone Is Selling AI, I'm Taking This 11% Expected Return On FLKR

What happened: The author upgraded the Franklin FTSE South Korea ETF ($FLKR) from Hold to Buy after a recent KOSPI jump, citing record SK hynix results, higher Samsung operating profit guidance, and a Bank of Korea 2026 growth estimate increase. Key numbers: About 41% concentration in two memory companies; trailing P/E 8.70x; 11.5% Why it matters: The author views valuation as cheap, with the forward P/E implying an unlikely 65% semiconductor earnings drop, and cites an RSI rebound signal as supporting the timing. The main risk cited is cyclicality, so $FLKR suits only satellite positions.

The author upgraded the Franklin FTSE South Korea ETF ($FLKR) from Hold to Buy after a recent KOSPI jump, citing record SK hynix results, higher Samsung operating profit guidance, and a Bank of Korea 2026 growth estimate increase.

The author views valuation as cheap, with the forward P/E implying an unlikely 65% semiconductor earnings drop, and cites an RSI rebound signal as supporting the timing. The main risk cited is cyclicality, so $FLKR suits only satellite positions.