
Please try another search
For investors seeking momentum, iShares MSCI India Small-Cap ETF (LON:SMIN) is probably on radar now. The fund just hit a 52-week high and is up over 58% from its 52-week low price of $31.81/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:
SMIN in Focus
This product offers exposure to the small-cap stocks of India. Consumer Discretionary, Financials, Industrials and Materials are the top four sectors of the fund with a double-digit weight each. The fund charges 80 bps in fees (see all Asia-Pacific (Emerging) ETFs here).
Why the Move?
The Indian economy is likely to have picked up paced in the quarter ended September with several forecasts signaling growth of 6.3%. If attained, the growth rate will mark a sharp rebound from a three-year low of 5.7% growth in the prior quarter. This data was enough to spur investors’ optimism around small-cap stocks as capitalization better reflects the domestic economy.
More Gains Ahead?
The fund has a Zacks ETF Rank #2 (Buy) with a High risk outlook. Plus, the fund has a positive weighted alpha of 51.10. A positive weighted alpha hints at more gains. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.
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 >>
Over the weekend I warned about the weakness in the Semiconductor sector (SMH). I also wrote about Granny Retail XRT, and how important it is for that sector to stay alive. Both...
Two weeks ago, the rumor mill ramped up again about the potential restructuring of Intel Corporation (NASDAQ:INTC). The probing balloons centered around Taiwan Semiconductor...
More than a century ago, then-Representative William McKinley pursued an aggressive tariff strategy that sought to protect American industry and reduce reliance on foreign...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.