EGShares India Small Cap ETF (SCIN) - NYSEARCA
  • Sun, Jun. 19, 9:23 AM
    • India's central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials on Saturday by announcing he would step down after just one three-year term.
    • In a letter to RBI staff, Rajan said he planned to return to academia, even as he noted two of his actions - the creation of a monetary policy committee to set interest rates and the clean-up of the heavily indebted banking sector - remained unfinished.
    • ETFs: EPI, INDY, SCIF, INDA, INDL, PIN, INP, INXX, IIF, INCO, INR, SCIN, ICN, SMIN
    | Sun, Jun. 19, 9:23 AM
  • Tue, Jun. 7, 2:51 AM
    • Australia's central bank held its powder dry overnight as the nation's robust Q1 report card curbed the need for additional monetary stimulus.
    • The RBA left its benchmark cash rate unchanged a month after it unveiled a 25 basis point cut, which took rates to their current record low of 1.75%.
    • The Reserve Bank of India also kept its key lending rate unchanged - at 6.5% - stating it would monitor economic developments for any further actions.
    • ETFs: EPI, EWA, INDY, SCIF, INDA, INDL, PIN, IAF, INP, INXX, IIF, INCO, SCIN, SMIN, AUSE, KROO, EWAS, FAUS, QAUS, HAUD, DBAU
    | Tue, Jun. 7, 2:51 AM
  • Tue, Apr. 5, 2:42 AM
    • The Reserve Bank of India has cut its repo rate by 25 basis points to 6.5%, making a widely expected reduction to bring the figure to its lowest in more than five years.
    • But in a surprise move, the RBI also raised the reverse repo by 25 basis points to 6.0%, while taking measures to ensure more availability of cash in the banking system.
    • Heading Down Under: Australia's central bank left interest rates at a record low 2.0%, where they have been for nearly a year, citing evidence of continued growth at home despite an unhelpful rise in the local dollar.
    • ETFs: EPI, EWA, INDY, SCIF, INDA, INDL, PIN, IAF, INP, INXX, IIF, INCO, SCIN, SMIN, AUSE, KROO, EWAS, FAUS, QAUS, HAUD, DBAU
    | Tue, Apr. 5, 2:42 AM | 1 Comment
  • Tue, Mar. 1, 6:43 AM
    • Indian equities jumped the most in 30 months after the government stuck to its fiscal deficit target in the Union Budget for the year starting April 1, raising hopes the pledge would spark a move by the Reserve Bank of India to cut key policy rates.
    • A commitment by Finance Minister Arun Jaitley on Monday to meet the fiscal deficit target of 3.5% of GDP is also boosting expectations it would raise sentiment among foreign investors following heavy selling this year.
    • Sensex +3.4% to 23,779.
    • Previously: Modi's new budget focuses on rural India (Feb. 29 2016)
    • ETFs: EPI, INDY, SCIF, INDL, INDA, PIN, INP, INXX, IIF, INCO, SCIN, SMIN
    | Tue, Mar. 1, 6:43 AM | 1 Comment
  • Mon, Feb. 29, 5:01 AM
    • Indian PM Narendra Modi wants his newly unveiled federal budget to appeal to the rural poor, in a strategy shift that could boost his ruling party in coming state elections but disappoint investors.
    • Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
    • But rising rural distress after back-to-back droughts and a recent heavy election defeat in a largely agricultural state have upset that calculus.
    • Sensex -0.8% to 22,960.
    • ETFs: EPI, INDY, SCIF, INDL, INDA, PIN, INP, INXX, IIF, INCO, SCIN, SMIN
    | Mon, Feb. 29, 5:01 AM | 3 Comments
  • Wed, Jan. 20, 3:49 AM
    • Just a few years ago, the so-called BRICS were taking the world by storm with surging economic growth, although it now looks like they risk capsizing it.
    • China was growing at an average rate of more than 10% a year, peaking at over 14% in 2007. India averaged 8%; Russia 5%; and Brazil and South Africa around 4%. To put that in perspective, the G-7 economies expanded at an average rate of less than 1.4% over the same time frame.
    • What happened? The commodity- and export-dependent emerging economies have long been prone to booms and busts, as their fate depends largely on the tide of global demand. They also face deep debt problems, political turmoil and major demographic challenges.
    • ETFs: EWZ, RSX, EPI, RUSL, INDY, SCIF, RUSS, BRF, INDL, PIN, INDA, ERUS, RSXJ, EZA, INP, IIF, INXX, BRZU, INCO, EWZS, SCIN, RBL, SMIN, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Jan. 20, 3:49 AM | 8 Comments
  • Dec. 27, 2015, 9:24 AM
    • Indian and Pakistani leaders pledged to accelerate peace talks on Friday after Narendra Modi made a surprise visit to Nawaz Sharif in Lahore.
    • "It was decided that dialogue will be increased," Pakistan Foreign Secretary Aizaz Chaudhry told reporters. The U.S. State Department also welcomed the encounter.
    • The meeting marks the first visit to Pakistan by an Indian premier in almost 12 years.
    • ETFs: EPI, INDY, SCIF, INDL, PIN, INDA, INP, IIF, INXX, INCO, SCIN, SMIN, PAK
    | Dec. 27, 2015, 9:24 AM | 3 Comments
  • Sep. 29, 2015, 3:28 AM
    • The Reserve Bank of India has reduced its policy interest rate by a greater-than-expected 50 basis points to a four-and-a-half-year low of 6.75%, citing low inflation as a main reason.
    • The reduction follows three cuts of 25 bps this year and record-low consumer inflation of 3.66% in August amid falling commodity prices, well under a target of 6% for January.
    • "The weakening of global activity since our last review suggests that commodity prices will remain contained for awhile," RBI Governor Raghuram Rajan forecast. Domestic demand needs to increase in order to make up for weaker global growth, Rajan said. "Monetary policy has to be accommodative to the extent possible" in current conditions.
    • The RBI's move also comes after Q2 GDP came in at a a slower-than-expected annualized rate of 7%; today, the bank cut its FY forecast to 7.4% from 7.6%.
    • The BSE Sensex is +0.3%, while the USD-INR is -0.5% at 65.99 rupees.
    • ETFs: EPI, INDY, SCIF, INDL, PIN, INDA, INP, IIF, INXX, INCO, SCIN, ICN, INR, SMIN, FNI
    | Sep. 29, 2015, 3:28 AM | 9 Comments
  • Aug. 31, 2015, 4:34 AM
    • For traders worried about the health of the emerging markets, India's growth data for April-June should supply some cheer today - the country is expected to remain the fastest growing major economy for a second straight quarter.
    • Economists put India's gross domestic product at 7.4% in Q2, just below 7.5% in January-March.
    • If the number is that high, it will be a boost for Prime Minister Narendra Modi, who has taken a beating after struggling to pass his legislative agenda.
    • The GDP data will be released at 9:30 a.m. ET.
    • Sensex -0.3% to 26,323.
    • ETFs: EPI, INDY, SCIF, INDL, PIN, INDA, INP, IIF, INXX, INCO, SCIN, SMIN
    | Aug. 31, 2015, 4:34 AM
  • Aug. 4, 2015, 3:52 AM
    • After three cuts this year, Indian central bank Governor Raghuram Rajan kept interest rates on hold at 7.25% today, rebuffing pressure from the Finance Ministry to reduce borrowing costs that are among the highest in Asia.
    • Earlier in the day, the Reserve Bank of Australia kept rates steady at 2.0%, leaving out a reference to the need for the local dollar to fall further.
    • ETFs: EPI, FXA, EWA, INDY, SCIF, INDL, PIN, INDA, INP, IAF, IIF, INXX, INCO, SCIN, ICN, INR, SMIN, AUSE, CROC, KROO, EWAS, FAUS, QAUS, HAUD
    | Aug. 4, 2015, 3:52 AM
  • May 7, 2015, 4:46 AM
    | May 7, 2015, 4:46 AM | 1 Comment
  • Apr. 7, 2015, 10:55 AM
    • As expected, the Reserve Bank of India held its benchmark interest rate at 7.5% overnight, but signaled its willingness cut further should inflation remain in check. "We feel buffered," says Governor Rajan, when asked whether higher U.S. rates would handcuff his policy. "That is not going to be key factor."
    • So far this year, the RBI has cut rate twice, totaling 50 basis points.
    • JPMorgan figures the RBI has modest room to ease later this year, and echoes Rajan's comments that India is more insulated than in the past from what the Fed might be doing with its policy, noting the country's reliance on capital inflows has declined dramatically.
    • ETFs: EPI, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
    | Apr. 7, 2015, 10:55 AM
  • Mar. 16, 2015, 12:06 PM
    • "If the bond market were to lose confidence in the Central Bank of Turkey's independence, the downside for Turkish assets could be significant," say the managers of the JOHCM Emerging Market Opportunities Fund (MUTF:JOEAX), explaining why they don't own any Turkish stocks. "President Recep Tayyip Erdogan displays a lack of commitment to international norms of corporate governance, conventional monetary policy and central bank independence."
    • The fund is overweight India though, with the managers noting PM Modi's reforms - previously considered impossible - are being delivered. They also call Raghuram Rajan one of the world's best central bank governors.
    • The fund is ahead 1.8% to date, while the iShares Turkey ETF (NYSEARCA:TUR) is down 19%, and the iShares India ETF (BATS:INDA) is up 7.2%.
    • India ETFs: EPI, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
    | Mar. 16, 2015, 12:06 PM | 1 Comment
  • Mar. 12, 2015, 11:05 AM
    • Growth in the coming fiscal year (starts April 1) is now seen at 7.5% vs. the previous prediction of 6.3%. That would also be an acceleration from the current fiscal year's (ends March 31) growth of 7.2%.
    • The change comes after the Indian government revised its methodology for calculating GDP, and the adjusted data has surprised many be showing far faster growth in recent years than originally estimated.
    • For its part, the India's Ministry of Finance sees GDP growth of 8.1-8.5% in the coming fiscal year.
    • ETFs: EPI, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
    | Mar. 12, 2015, 11:05 AM | 2 Comments
  • Mar. 5, 2015, 2:48 PM
    • "Ultimately, the bullish case for India rests on two pillars: its favorable demographics and the scope for catch-up from a very low base in investment, infrastructure and productivity," says the team from Goldman, not concerned with that country's lofty stock valuations.
    • Reasons for optimism over the next two years: A cyclical recovery has begun, macro imbalances have been reduced, the external environment - particularly low oil prices - is benign, and structural reforms are underway in the government.
    • The key risk, says Goldman, is a loss of reform momentum, or that weak job growth leads to more populist policies.
    • Expecting earnings growth of 15% for MSCI India over the next two years, the team wants to be overweight the country, and continues to recommend a basket of India, Taiwan, and Turkey as one of its best trades.
    • ETFs: EPI, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
    • Previously: India cuts rates; stocks hit record highs (March 4)
    | Mar. 5, 2015, 2:48 PM | 2 Comments
  • Mar. 5, 2015, 7:51 AM
    • "Ultimately, the bullish case for India rests on two pillars: its favorable demographics, and the scope for catch-up from a very low base in investment, infrastructure and productivity," analysts write in a note today.
    • ETFs: EPI, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, ICN, INR, SMIN
    | Mar. 5, 2015, 7:51 AM
SCIN Description
The EGShares India Small Cap Exchange Traded Fund (ETF) seeks investment results that generally correspond (before fees and expenses) to the price and yield performance of the Indxx India Small Cap Index. The index is a free-float market capitalization weighted stock market index comprised of a representative sample of 75 Indian companies that Indxx, LLC determines to be the representative of small market cap companies in India.
See more details on sponsor's website
Country: India
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