by winston » Fri Nov 03, 2017 8:09 am
THIS FUND IS A STANDOUT IN EMERGING MARKETS
Today, we see small companies benefiting in a high-growth economy...
Longtime readers know emerging markets can offer the kind of massive gains that investors rarely ever find in developed countries. As Steve puts it, "When emerging markets are hot, you simply HAVE to be on board." We can see this at work in India today...
The iShares MSCI India Small-Cap Fund (SMIN) holds 258 small companies in a variety of sectors, including utilities, health care, energy, and financials. These small-cap stocks have a history of soaring hundreds of percent.
Meanwhile, India's economy is growing fast... And the Indian government recently said it would inject a record $32 billion into its banks over the next two years. That news sent the country's stocks soaring to record highs.
As you can see in the chart below, shares of SMIN are trading at new 52-week highs after a strong rally in recent months.
The fund is up more than 50% since January. Watch for India's developing economy to churn out more gains, especially in these small-cap stocks...
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"