Shares of the following exchange traded funds are trading more than 18 percent higher than 90 days ago, and they are within 10 percent of their 52-week highs.
This set of ETFs provides a peek at areas of investor interest in the wake of market-shaping news like the harsh winter, historic elections in India, rising Middle East tensions, and the sputtering U.S. economy.
EGShares India Infrastructure (NYSE: INXX) is trading around 45 percent higher year to date, though is it down more than six percent from the recent 52-week high. Infrastructure spending in India is projected to be US$1 trillion between 2012 and 2017, and economists expect the economy there to rebound faster than other major emerging markets.
The non-diversified fund seeks results that correspond generally to the price and yield performance of the INDXX India Infrastructure Index. At least 80 percent of its net assets usually are invested in the Indian infrastructure companies that make up the underlying index. The investment's top holdings include Bombay-traded Bharat Heavy Electricals and Larsen & Toubro.
See also: Chinese Tech And MLP ETFs On A Tear
EGShares India Small Cap (NYSE: SCIN) has risen nearly 55 percent since the beginning of the year but pulled back about five percent from a multiyear high earlier this month. Investors ...
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