For investors seeking momentum, iShares Edge MSCI Multifactor Intl Small-Cap ETF (ISCF Quick QuoteISCF - Free Report) is probably on radar now. The fund just hit a 52-week high and is up more than 35% from its 52-week low price of $24.07/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:

ISCF in Focus

This product looks to track the MSCI World ex-USA Small Cap Diversified Multiple-Factor Index. Bellway Plc, Logitech International and Haseko are the top three holdings. Industrials (20.43%), Consumer Discretionary (15.37%) and Information Technology (14.98%) are the top three holdings of the fund and Japan (32.46%), United Kingdom (21.9%) and Australia (6.24%) are its top three regions. It charges 40 bps in fees (see all Broad Developed World ETFs here).

Why the Move?       

Since most of the underlying economies of the fund are improving, small-cap stocks related to these geographical regions are in good shape. This is because, small caps are more attached to the domestic economy.

More Gains Ahead?

The fund has a Zacks Rank #3 (Hold). So, it is tough to conclude whether it can surge ahead. The fund has a positive weighted alpha of 33.10. A positive weighted alpha hints at more gains. As a result, there is definitely some promise for investors who want to ride on this surging ETF.

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