With growing populations and impressive growth pictures, China and India have been attractive investment destinations for those seeking exposure to nations which will be movers and shakers within the economic and political realm in the coming years. Investors can tap into these countries separately using funds such as iShares FTSE/Xinhua China 25 Index Fund ( FXI) and WisdomTree India Earnings Fund ( EPI). FNI takes a unique approach to playing these two growth engines, combining the most liquid Chinese and Indian firms under one roof. Recently, FNI has performed well, moving up in both our short- and long- term momentum rankings. Investors looking for a simple way to gain exposure to some of the most popular emerging markets may want to put FNI on their radar. For more on ETFs to play China and India be sure to check out my article from last week.
In trading on Wednesday, shares of the First Trust ISE Chindia Index Fund ETF crossed above their 200 day moving average of $29.72, changing hands as high as $29.87 per share. First Trust ISE Chindia Index Fund shares are currently trading up about 1.1% on the day.
In trading on Monday, shares of the First Trust ISE Chindia Index Fund ETF entered into oversold territory, changing hands as low as $28.78 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
In trading on Monday, shares of the First Trust ISE Chindia Index Fund ETF crossed below their 200 day moving average of $29.84, changing hands as low as $29.63 per share. First Trust ISE Chindia Index Fund shares are currently trading down about 2.6% on the day.