Asia Markets Mixed as Franklin FTSE Asia ETF Declines The Franklin FTSE Asia ex Japan ETF (FLAX) dropped to $23.93 on March 26, 2025, with trading volume reaching 2,204 million shares. Despite outperforming the market over the past year with a 13.6% return, FLAX has underperformed in recent weeks, highlighting short-term volatility in Asian markets.34