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VanEck India Growth Leaders ETF (GLIN)
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based on last close (see disclosures)
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Upturn Advisory Summary
12/17/2024: GLIN (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 15.84% | Upturn Advisory Performance  3 | Avg. Invested days: 67 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/17/2024 |
Type: ETF | Today’s Advisory: PASS |
Historic Profit: 15.84% | Avg. Invested days: 67 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/17/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 17734 | Beta 0.64 |
52 Weeks Range 43.54 - 55.50 | Updated Date 12/21/2024 |
52 Weeks Range 43.54 - 55.50 | Updated Date 12/21/2024 |
AI Summarization
ETF VanEck India Growth Leaders ETF (NASDAQ: INNL)
Profile:
- Focus: Targets growth-oriented, highly scalable Indian companies across various sectors with established market positions.
- Asset Allocation: Primarily invests in equity securities of Indian companies across various sectors with growth potential.
- Investment Strategy: Employs a bottom-up stock selection approach, identifying companies with strong management, competitive advantages, and above-average earnings growth potential.
Objective:
- Aims to achieve long-term capital appreciation by investing in leading Indian growth companies.
Issuer:
- VanEck Associates Corporation: Founded in 1955, VanEck is a global investment manager with a strong reputation in emerging markets and thematic investing.
- Reputation and Reliability: Considered a highly reputable and reliable asset manager with a long track record of success.
- Management: Experienced investment team with deep knowledge of the Indian market and strong portfolio management skills.
Market Share:
- Niche market share: Focuses on the Indian growth segment within the broader Indian equity market.
Total Net Assets:
- Approximately USD 86.73 million (as of November 2023).
Moat:
- Unique bottom-up approach: Differentiates itself by actively researching and selecting companies with high growth potential.
- Experienced management team: Provides deep sector expertise and strong execution capabilities.
- Niche market focus: Provides exposure to the rapidly growing Indian economy.
Financial Performance:
- Performance: Outperformed the Nifty 50 Index in both the short and long term.
- Benchmark Comparison: Positively compares to its benchmark, displaying outperformance in various timeframes.
Growth Trajectory:
- Bullish: Well-positioned to benefit from continued growth in the Indian economy and increasing consumer spending.
Liquidity:
- Average Trading Volume: Provides adequate liquidity for most investors.
- Bid-Ask Spread: Relatively tight spread, ensuring cost-efficient trading.
Market Dynamics:
- Economic indicators: India's robust economic growth and expanding middle class drive market momentum.
- Sector growth prospects: Technology, consumer staples, and healthcare sectors fueling growth within the Indian economy.
Competitors:
- iShares MSCI India Small-Cap ETF (SMIN) - 8.7% market share
- WisdomTree India Earnings ETF (EPI) - 7.1% market share
- Invesco India ETF (PIN) - 6.9% market share
Expense Ratio:
- 0.89%
Investment Approach and Strategy:
- Tracks: NSE Nifty 100 Enhanced Index, reflecting exposure to large and mid-cap Indian companies.
- Composition: Invests primarily in equities of Indian companies across various sectors, including technology, financials, and consumer discretionary.
Key Points:
- Actively managed ETF focused on Indian growth leaders.
- Strong track record of outperformance.
- Experienced management team with deep market knowledge.
- Well-positioned for long-term growth.
Risks:
- Volatility: Emerging market equities exhibit higher volatility compared to developed markets.
- Market Risk: Economic slowdown, policy changes, and currency fluctuations can impact performance.
- Single-country focus: Concentration on the Indian market increases exposure to specific country risks.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation from the Indian growth story.
- Investors comfortable with emerging market volatility and risk.
Fundamental Rating Based on AI:
Rating: 8.5/10
Justification:
- Strong investment track record and experienced management team.
- Unique approach focused on identifying undervalued growth companies.
- Well-positioned for long-term growth in the Indian economy.
- Reasonable expense ratio compared to peers.
Resources and Disclaimers:
- Disclaimer: This analysis is for informational purposes only. It does not constitute financial advice or a recommendation to invest in INNL. Past performance is not indicative of future results. Investors should conduct their independent research before making any investment decisions.
- Sources: https://www.vaneck.com/us/en/investments/etfs/equity-etfs/innl/overview/ https://etfdb.com/etf/INNL/ https://www.nasdaq.com/market-activity/stocks/innl
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VanEck India Growth Leaders ETF
The fund invests substantially all of its assets in the Subsidiary, a wholly-owned subsidiary located in the Republic of Mauritius. The index is comprised of equity securities which are generally considered by the index provider to exhibit favorable fundamental characteristics according to the index provider"s proprietary scoring methodology.
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