Investors looking for momentum can keep WisdomTree India Earnings Fund EPI on their radar now. The fund recently hit a new 52-week high. Shares of EPI are up approximately 33.5% from their 52-week low of $19.43/share.But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.EPI in FocusEPI focuses on providing exposure to Indian equities, using earnings as a barometer to select the holdings. Financials, Energy and Information Technology are the top three sectors, with 26%, 21% and 16% allocation, respectively. It charges 84 basis points in fees per year and has top holdings in Reliance Industries Ltd, Infosys Ltd and Housing Development Finance Co, with 11.75%, 6.57% and 6.28% allocation, respectively (as of July 14, 2017) (see all Broad Emerging Market ETFs here).Why the Move?Lately, the Indian economy has been gaining a lot of traction, as inflation hit a record low, thus increasing chances of a rate cut by Reserve Bank of India (RBI). Possibilities of inflows of foreign funds ahead of a strong expected earnings season led markets to reach new highs. Moreover, the Nifty50 on Friday, July 14, 2017, hit an all-time intra-day high of 9,913.30 and Sensex hit a new intra-day high of 32,109.75.More Gains Ahead?Currently, EPI has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. Moreover, it has a weighted alpha of 27.5 and a moderate 14-day volatility of 13.58%. So, there is a promising outlook ahead for those who want to ride this surging ETF a little further.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WISDMTR-IN EARN (EPI): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report