For investors seeking momentum, WisdomTree India Earnings ETF (EPI - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up about 31.5% from its 52-week low price of $16.55/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.
EPI in Focus
EPI gives exposure to profitable all cap Indian stocks. EPI charges investors 84 basis points a year in fees and has top holdings in Reliance Industries, Infosys and Housing Development Finance Company (see all Asia-Pacific (Emerging) ETFs here).
Why the Move?
The Indian market has been on radar since the pro-growth government led by Narendra Modi took charge of India in 2014. Several rate cuts, the passage of a nationwide goods-and-services tax bill and the four-year best GDP growth rate in fiscal 2016 are positives that attracted foreign investors to this emerging economy.
Also, talks of government employees getting their annual bonus dues and the hike in the minimum wage of unskilled non-agricultural laborers boosted India ETFs like EPI on Tuesday as these government initiatives are expected to translate into higher consumer spending.
More Gains Ahead?
The fund has a Zacks ETF Rank #2 (Buy). Also, the product has a positive weighted alpha of 18.30, indicating more gains.
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 >>
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 seeking momentum, WisdomTree India Earnings ETF (EPI - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up about 31.5% from its 52-week low price of $16.55/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.
EPI in Focus
EPI gives exposure to profitable all cap Indian stocks. EPI charges investors 84 basis points a year in fees and has top holdings in Reliance Industries, Infosys and Housing Development Finance Company (see all Asia-Pacific (Emerging) ETFs here).
Why the Move?
The Indian market has been on radar since the pro-growth government led by Narendra Modi took charge of India in 2014. Several rate cuts, the passage of a nationwide goods-and-services tax bill and the four-year best GDP growth rate in fiscal 2016 are positives that attracted foreign investors to this emerging economy.
Also, talks of government employees getting their annual bonus dues and the hike in the minimum wage of unskilled non-agricultural laborers boosted India ETFs like EPI on Tuesday as these government initiatives are expected to translate into higher consumer spending.
More Gains Ahead?
The fund has a Zacks ETF Rank #2 (Buy). Also, the product has a positive weighted alpha of 18.30, indicating more gains.
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 >>
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 >>
Get the latest research report on EPI - FREE