For investors seeking momentum, Columbia India Consumer ETF (INCO – Free Report) is probably on the radar. The fund just hit a 52-week high and is up 26.92% from its 52-week low price of $43.16/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
INCO in Focus
The underlying Indxx India Consumer Index is a maximum 30-stock free-float adjusted market capitalization-weighted index designed to measure the market performance of companies in the consumer industry in India. The fund has an exposure of 57.37% and 42.63% to the consumer discretionary and consumer staples sector, respectively. The product charges 75 bps in annual fees (see: all Emerging Asia-Pacific ETFs).
Why the Move?
The ongoing festive season in India has resulted in sales of…
