For investors looking for momentum, Invesco India ETF (PIN - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 47.6% from its 52-week low of $18.50/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed in future:
PIN in Focus
The underlying FTSE India Quality and Yield Select Index is comprised of Indian equity securities traded on regulated stock exchanges in India. The India Index is designed to represent the Indian equity markets as a whole. The India Index has 50 constituents, spread among the following sectors: Information Technology, Health Sciences, Financial Services, Heavy Industry, Consumer Products and Other. It has AUM of $111.3 million and charges 78 basis points in annual fees.
Why the Move?
India’s equity market has been on a tear lately. Easing Covid-induced restrictions, falling COVID-19 cases, healthy earnings and global easy money policy have led to the upsurge. A shift from physical assets and low-yielding fixed-income securities are forcing investors to bet big on equities, per Susmit Patodia, Director, Portfolio Manager at Motilal Oswal Asset Management Company, as quoted on Moneycontrol.
More Gains Ahead?
The fund has a positive weighted alpha of 39.52, which gives cues of further rally.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors looking for momentum, Invesco India ETF (PIN - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 47.6% from its 52-week low of $18.50/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed in future:
PIN in Focus
The underlying FTSE India Quality and Yield Select Index is comprised of Indian equity securities traded on regulated stock exchanges in India. The India Index is designed to represent the Indian equity markets as a whole. The India Index has 50 constituents, spread among the following sectors: Information Technology, Health Sciences, Financial Services, Heavy Industry, Consumer Products and Other. It has AUM of $111.3 million and charges 78 basis points in annual fees.
Why the Move?
India’s equity market has been on a tear lately. Easing Covid-induced restrictions, falling COVID-19 cases, healthy earnings and global easy money policy have led to the upsurge. A shift from physical assets and low-yielding fixed-income securities are forcing investors to bet big on equities, per Susmit Patodia, Director, Portfolio Manager at Motilal Oswal Asset Management Company, as quoted on Moneycontrol.
More Gains Ahead?
The fund has a positive weighted alpha of 39.52, which gives cues of further rally.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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