India is set for another PM Modi term. Policy continuity bodes well for the market outlook. Equal-weighted NFTY is well-placed to outperform the large caps.
Making its debut on 02/14/2012, smart beta exchange traded fund First Trust India NIFTY 50 Equal Weight ETF (NFTY) provides investors broad exposure to the Asia-Pacific (Emerging) ETFs category of the market.
FT India Nifty 50 EW ETF NFTY is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 32.15% from its 52-week low price of $44.66/share.