India ETFs have good run despite asset bubble fear
Strong GDP numbers have provided a shot in the arm for India ETFs. Analysts and strategists tracking ETFs are of the view that the GDP numbers came as welcome news to many investors who were tiring of bad news.
By ET Bureau |
Strong GDP numbers have provided a shot in the arm for India ETFs. Analysts and strategists tracking ETFs are of the view that the GDP numbers came as welcome news to many investors who were tiring of bad news.
Among India ETFs that have done well are WisdomTree India Earnings Index (EPI) which has gained close to 90%. PowerShares India Fund (PIN) has gained almost 75% so far in 2009. WisdomTree Dreyfus Indian Rupee (ICN) which seeks to match the money market rates available to foreign investors in India and reflects the changes in value of the rupee against the dollar, is up slightly over 9% in 2009.
While India ETFs have had a good run this year, there have been concerns in some quarters that the growth in many emerging markets is fuelled by easy credit and a carry-trade induced flight from US dollar based assets.
Among India ETFs that have done well are WisdomTree India Earnings Index (EPI) which has gained close to 90%. PowerShares India Fund (PIN) has gained almost 75% so far in 2009. WisdomTree Dreyfus Indian Rupee (ICN) which seeks to match the money market rates available to foreign investors in India and reflects the changes in value of the rupee against the dollar, is up slightly over 9% in 2009.
While India ETFs have had a good run this year, there have been concerns in some quarters that the growth in many emerging markets is fuelled by easy credit and a carry-trade induced flight from US dollar based assets.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
