Is First Trust India NIFTY 50 Equal Weight ETF (NFTY) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 26 2024
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Source: NASDAQ.COM
Overview of NFTY ETF: The First Trust India NIFTY 50 Equal Weight ETF (NFTY) launched in 2012, aims to provide broad exposure to the Asia-Pacific emerging market by tracking the NIFTY 50 Equal Weight Index, which consists of the 50 largest Indian securities. It has a market cap of over $269 million and an expense ratio of 0.80%.
Performance and Alternatives: NFTY has shown a year-to-date increase of 15.76% and a one-year rise of approximately 30.81%. Investors may also consider other ETFs like WisdomTree India Earnings ETF (EPI) and iShares MSCI India ETF (INDA), which have lower expense ratios and larger asset bases.
Analyst Views on EPI
Wall Street analysts forecast EPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EPI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 44.430
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Current: 44.430
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
