|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.07 - 49.46|
|52 Week Range||31.67 - 50.00|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.80%|
India's central bank kept interest rates on hold, and may be stuck on hold for the next six months as it waits to see if if inflation slows and the growth pause is temporary. Exchange-traded funds invested in India moved higher Wednesday on the news. India's economy is expanding, but the rate of growth could shrink to 6.7% in the current fiscal year, from 7.3%.
India stocks took a hit as the country's Finance Minister Arun Jaitley said India needed more private investment from local companies at the Bloomberg Economic Forum in Mumbai. The VanEck Vectors India Small-Cap Index ETF (SCIF) and the iShares MSCI India Small Cap ETF (SMIN) fell about 3% apiece, ranking among the worst-performing ETFs on Friday. Bloomberg's Anirban Nag reports: "How do you maintain the balancing act between continuing to spend in an economy, continue to maintain your banks and support them, and how do you maintain standard of fiscal prudence?" Jaitley said.
The Reserve Bank of India has been shoring up dwindling foreign currency reserves, and that is likely to continue to offset investors' dwindling interest in richly-priced equities as other assets get more ...
Indian Prime Minister Narendra Modi shook up his cabinet with appointments designed to improve the economy. Among the changes: Nirmala Sitharaman moves from trade minister to defense minister, a job previously ...
They say the best perfumes come in the smallest bottles. Perhaps that holds true in ETFs, too—at least when it comes to short-term performance. Investors poured more than $200 billion into U.S.-listed ETFs in the first five months of the year, bringing total U.S. ETF assets to almost $3 trillion. The most popular fund this year, the iShares Core S&P 500 ETF (IVV), attracted some $14 billion in net inflows.
Small caps led the way ahead midday Thursday, while the major averages took smaller steps up. The Russell 2000 popped 0.7%.
The Zacks Analyst Blog Highlights: iShares MSCI ACWI ETF, iShares MSCI India Small-Cap ETF, PowerShares Dynamic Semiconductors Fund, PowerShares QQQ and iShares Russell 1000 Growth ETF
A few ETFs and stocks surged to fresh highs in recent session and could be compelling choices for investors seeking to ride out the current trends.
Emerging markets are back in vogue. ETFs targeting the segment are up significantly more than their developed-market counterparts this year after underperforming the past four years.