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The introduction of India government???s bonds into two major global indexes is providing a significant boost to the rapidly expanding nation.
iShares MSCI India Small-Cap ETF has generated tremendous alpha for a long time now. Indian small-caps are favored due to the country's strong economic growth, political stability, and encouraging industrial and business conditions. Despite a favorable backdrop, we close with some thoughts on why it may be prudent to not get carried away at these levels.
For investors seeking momentum, iShares MSCI India Small-Cap ETF SMIN is probably on the radar. The fund just hit a 52-week high and is up 53.8% from its 52-week low price of $48.11/share.
India's economy is evolving into a consumption-driven powerhouse. The country's allure as a global business and technology hub is on the rise, attracting substantial foreign investment and tech giants.
For investors seeking momentum, iShares MSCI India Small-Cap ETF ( SMIN ) is probably on the radar. The fund just hit a 52-week high and is up 49.6% from its 52-week low price of $48.11/share.
Indian large-cap equity performance has been impressive but nothing compared to the small and mid-caps. The widening small/mid-cap valuation premium is a concern, but investors also need to factor in the earnings growth differential. Heading into a catalyst-rich year ahead, the SMIN rally might still have legs.
Investing in Indian Small Caps offers high-growth potential and undervalued opportunities for investors. India's fast-growing economy, consumer demand, and government's fiscal approach support the investment thesis. The iShares MSCI India Small-Cap ETF provides diversification benefits and strong returns, despite its high expense ratio.
India ETFs have been riding high lately and hovering around a 52-week high.
The iShares MSCI India Small-Cap ETF has outperformed other India funds in 2023, with a 24% total return. The ETF has a small-size orientation and pays a modest dividend, and its robust performance and top ranking in its sub-class make it attractive. SMIN's portfolio has a high allocation to growth stocks and favorable sector diversification, with no single equity stake dominating the fund.
Several India ETFs have hit a 52-week high lately. Untapped potential of India, real estate resurgence, slowdown in China, and improving GDP of India hve led to the uptick in shares.