Dallas, Texas 12/30/2013 (FIANACIALSTRENDS) – WisdomTree India Earnings Fund (ETF) (NYSEARCA:EPI) is an exchange traded fund which has a market cap of $.102 billion. This fund attempts to track its earnings and growth against the WisdomTree India Earnings Index.
This index is a subset of the larger universe of traded companies which are based out of India and are traded on the Indian exchanges. WisdomTree India Earnings Fund (ETF) (NYSEARCA:EPI) is designed to provide exposure to those investors who have a risk appetite and are looking to get a toe in into one of the fastest growing emerging economies of the world. This fund in the past year has been a underperforming stock since it has mirrored the general slowdown which has marked the general economic scenario and business sentiments in the country due to a perceived policy paralysis in the Government as it has got bogged down in allegations of graft and corruption in high places.
WisdomTree India Earnings Fund (ETF) (NYSEARCA:EPI) over the past year has shed close to 10 percent of its market cap. In the past quarter or so, this negative trend has been slightly been pushed back by the ETF to record a 12.5 percent increase in its market value. This turnaround has been sustained over the past one month, with a 6 percent increase in value. When trading was close for the week, Friday last, the share was priced at $17.27 per share which is just 15.05 percent above its 52 week high price point. It has also paid a dividend of $0.16 per share. This translates into a dividend yield of 0.93 percent.
Investors in the stock would be hoping that the recent upward trends being exhibited by the Indian economy in the form of a spurt in market interest and profits would also help sustain the turnaround in this ETF.