Here's Why India ETFs Are Soaring

Neena Mishra Published on March 25, 2019

Emerging market stocks have rebounded in 2019, after a brutal sell-off late last year, thanks mainly to a dovish Fed and a soft dollar. Indian stocks and the rupee have surged this month, on improved chances of Prime Minister Modi getting another five-year term in the upcoming general elections.

Per JPMorgan, India has the “best growth story” among emerging markets. The Indian economy grew at 6.6% rate in the quarter ended December 31, slower compared to recent quarters, but it is still the fastest growing major economy in the world. Goldman Sachs raised its rating on Indian stocks to ‘overweight’ according to a CNBC Report.

Further, oil prices are expected to remain stable this year, which benefits India, as the country is a big importer of crude. Foreigner investors bought a net $3.3 billion of shares through March 18 this month, per Bloomberg.

To learn more about the iShares MSCI India ETF (INDA - Free Report) , the WisdomTree India Earnings Fund (EPI - Free Report) and iShares MSCI India Small-Cap ETF (SMIN - Free Report) , please watch the short video above.

Top holdings in these ETFs include Infosys (INFY - Free Report) , Wipro (WIT - Free Report) , ICICI Bank (IBN - Free Report) and HDFC Bank (HDB - Free Report) .

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