First Trust India Nifty 50 Equal Weight ETF

NFTY

Market cap $195M

India's economy grew at an annual rate of 7.8% in the quarter ending June, topping economists' expectations of 6.7% (Reuters poll), as quoted on CNBC.

Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling trend seen in Indonesia and Thailand.

A smart beta exchange traded fund, the First Trust India NIFTY 50 Equal Weight ETF (NFTY) debuted on 02/14/2012, and offers broad exposure to the Asia-Pacific (Emerging) ETFs category of the market.

Launched on 02/14/2012, the First Trust India NIFTY 50 Equal Weight ETF (NFTY) is a smart beta exchange traded fund offering broad exposure to the Asia-Pacific (Emerging) ETFs category of the market.

India's stocks have erased most of this year's losses, thanks to early signs of increased government spending and monetary easing.

Indian equities remain mired in one of their worst selloffs in years. But sentiment is nearing rock bottom and fundamentals are turning. Equal-weighted NFTY offers a uniquely poised risk/reward play on a recovery.

Designed to provide broad exposure to the Asia-Pacific (Emerging) ETFs category of the market, the First Trust India NIFTY 50 Equal Weight ETF (NFTY) is a smart beta exchange traded fund launched on 02/14/2012.

Look at ETFs with exposure to India, as the growth outlook for the developing economy slows down, driven by internal and external headwinds.

India's recent mega-cap selloff changes little about the long-term growth story. It does, however, make for an attractive entry point. Having led on the way down, NFTY could well lead the way back up.

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.