Underperforming sectors “consisted of Industrials, Utilities, Materials, Financials and Energy. Their average return over the period was worse than -25%, about 12% worse than the performance of WTIND (-13.2%). These underperforming sectors received about 5% additional weight at this year’s annual rebalance screening. The greatest two weight increases were to Financials and Utilities, whereas Energy and Industrials were largely unchanged in weight,” according to WisdomTree. [WisdomTree: India Earnings Index Annual Rebalance]
With the rupee stabilizing and the World Bank giving India an avenue to issue less dollar-denominated debt, EPI and its rivals could be poise to deliver upside. EPI and INDY are down an average of 2.6% in the past 90 days.
WisdomTree India Earnings ETF
