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For investors looking for momentum, the WisdomTree India Earnings Fund (EPI - Free Report) is probably on your radar now. The fund just hit a 52-week high. Shares of EPI are up roughly 33.8% from their 52-week low price of $18.65/share.
But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
EPI in Focus
EPI focuses on providing exposure to Indian equities, using earnings to give weightage to the holdings. Financials, Energy, and Information Technology are the top three sectors, with 25.13%, 21.57 %, and 15.86% allocation, respectively (as on April 25, 2017). It charges 84 basis points in fees per year and has top holdings in Reliance Industries Ltd, Infosys Ltd, and Housing Development Finance Co, with a 23.8% collective allocation to them (see all Broad Emerging Market ETFs here).
Why the Move?
Lately, the Indian economy has been gaining a lot of traction, as investors look at emerging market investments amid uncertainty over President Trump’s protectionist agenda. A key state election victory for the Prime Minister’s party has further boosted investor confidence. Moreover, the Nifty50 on Tuesday, April 25, 2017, hit an all-time high of 9300 and Reliance Industries hit a nine-year high as its new telecom product ‘Jio’ started doing the rounds in the Indian markets.
More Gains Ahead?
Currently, EPI has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. Moreover, it has a weighted alpha of 31.3 and a moderate 14-day volatility of 13.32%. So, there is definitely a promising outlook ahead for those who want to ride this surging ETF a little further.
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India Equity ETF (EPI) Hits New 52-Week High
For investors looking for momentum, the WisdomTree India Earnings Fund (EPI - Free Report) is probably on your radar now. The fund just hit a 52-week high. Shares of EPI are up roughly 33.8% from their 52-week low price of $18.65/share.
But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
EPI in Focus
EPI focuses on providing exposure to Indian equities, using earnings to give weightage to the holdings. Financials, Energy, and Information Technology are the top three sectors, with 25.13%, 21.57 %, and 15.86% allocation, respectively (as on April 25, 2017). It charges 84 basis points in fees per year and has top holdings in Reliance Industries Ltd, Infosys Ltd, and Housing Development Finance Co, with a 23.8% collective allocation to them (see all Broad Emerging Market ETFs here).
Why the Move?
Lately, the Indian economy has been gaining a lot of traction, as investors look at emerging market investments amid uncertainty over President Trump’s protectionist agenda. A key state election victory for the Prime Minister’s party has further boosted investor confidence. Moreover, the Nifty50 on Tuesday, April 25, 2017, hit an all-time high of 9300 and Reliance Industries hit a nine-year high as its new telecom product ‘Jio’ started doing the rounds in the Indian markets.
More Gains Ahead?
Currently, EPI has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. Moreover, it has a weighted alpha of 31.3 and a moderate 14-day volatility of 13.32%. So, there is definitely a promising outlook ahead for those who want to ride this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>