ETF Chart of the Day: India
July 1st 2011 at 1:42pm by Paul Weisbruch, Street One Financial
Amidst the recent rally across the equity markets, India based equity exchange traded funds have turned in impressive performance.
For instance, WisdomTree India Earnings Fund (NYSEArca: EPI) has logged six straight “up” days and has risen over 8% in this timeframe alone, surging through its 50-day moving average and the ETF is within shouting distance of its longer term 200-day moving average ($24.69 a share).
EPI is based on a fundamentally weighted index consisting of India based equities and ranked according to profitability (earnings).
Other potential ways to invest in India equities from the long side in ETF/ETN world are PowerShares India (NYSEArca: PIN), iPath MSCI India ETN (NYSEArca: INP), Emerging Global Shares India Infrastructure (NYSEArca: INXX), Emerging Global Shares India Small Cap (NYSEArca: SCIN), iShares S&P India Nifty Fifty (NasdaqGM: INDY) and Direxion Daily India Bull 2x Shares (NYSEArca: INDL).
WisdomTree India Earnings Fund
Editor’s note: For more information on Street One ETF research, contact firstname.lastname@example.org.