Franklin FTSE Japan ETF Tops Picks Amid Strong Japan Equity Performance

The Franklin FTSE Japan ETF (FLJP) has been recommended as a buy due to Japan's strong equity performance and wage growth exceeding inflation. This makes it an attractive option for investors seeking defensive investments, particularly in comparison to Western markets.

Japan's lower borrowing costs and a weakening US dollar have also contributed to FLJP's appeal. In terms of valuation, the ETF is trading at a price-to-earnings ratio just above 17, which is significantly lower than the S&P 500's ratio of 26.