May 18, 2009 at 12:00 pm by Tom Lydon
Could India and its exchange traded funds (ETFs) become the next emerging market to reckon with in the wake of the global economic crisis? The markets today were so positive that circuit breakers were triggered.The stock market in India shot up 17% after the Congress Party’s definitive victory in national elections are setting the tone for long-awaited economic reforms. Erika Kinetz for the Associated Press reports that the Bombay Stock Exchange’s benchmark Sensex vaulted 2,110.79 points, or 17.3 %, to 14,284.21, causing the historic shutdown Monday.
Luciano Siracusano, WisdomTree’s director of research, said in an appearance on CNBC this morning that these elections could put India in a better position to receive capital with a new political party in office. WisdomTree is the provider of the largest India-focused ETF.
The recent Congress party victory in national elections raised hopes of a revival in foreign direct investment and economic growth, as well as tax reform and significant infrastructure spending. Cherian Thomas and James Rupert for Bloomberg report that Manmohan Singh’s electoral victory is giving hope to half a billion Indians that poverty is not a way of life.
The rupee is up 3.3% so far, the most in more than 20 years.
There are a number of ways to gain exposure to India via ETFs, including as a single country or in a broad BRIC (Brazil, Russia, India, China) ETF, which can help spread the risk among several emerging markets instead of pinpointing just one.
- PowerShares India (PIN): up 19.3% year-to-date
- WisdomTree India Earnings (EPI): up 22.6% year-to-date
- First Trust ISE Chindia (FNI): up 20.2% year-to-date
- Claymore/BNY BRIC (EEB): up 25.6% year-to-date; India is 9.2%; Brazil is 52.8% and China is 18.3%
For full disclosure, some of Tom Lydon’s clients own shares of EEB.
Tags: Asia, BRICs, China, EEB, Emerging Markets, EPI, FNI, Global ETFs, India, PIN
Subscribe to Our RSS Feed
May 19th, 2009 at 1:55 am
please could you give a complete list of other similar etfs/etns-like
eem; bik; bkf etc,thanks.
May 19th, 2009 at 1:55 am
please could you give a complete list of other similar etfs/etns-like
eem; bik; bkf etc,thanks.
May 19th, 2009 at 1:55 am
please could you give a complete list of other similar etfs/etns-like
eem; bik; bkf etc,thanks.
May 19th, 2009 at 1:55 am
please could you give a complete list of other similar etfs/etns-like
eem; bik; bkf etc,thanks.
May 19th, 2009 at 1:55 am
please could you give a complete list of other similar etfs/etns-like
eem; bik; bkf etc,thanks.
May 19th, 2009 at 7:50 am
Hi Thomas,
All the BRIC funds currently available are:
BLDRS Emerging MKTS 50 ADR Index Fund (ADRE)
Claymore/BNY BRIC (Brazil, Russia, India, China) ETF (EEB)
streetTRACKS SPDR S&P BRIC (Brazil, Russia, India, China) 40 ETF (BIK)
iShares MSCI BRIC Index Fund (BKF)
May 19th, 2009 at 7:50 am
Hi Thomas,
All the BRIC funds currently available are:
BLDRS Emerging MKTS 50 ADR Index Fund (ADRE)
Claymore/BNY BRIC (Brazil, Russia, India, China) ETF (EEB)
streetTRACKS SPDR S&P BRIC (Brazil, Russia, India, China) 40 ETF (BIK)
iShares MSCI BRIC Index Fund (BKF)
May 19th, 2009 at 7:50 am
Hi Thomas,
All the BRIC funds currently available are:
BLDRS Emerging MKTS 50 ADR Index Fund (ADRE)
Claymore/BNY BRIC (Brazil, Russia, India, China) ETF (EEB)
streetTRACKS SPDR S&P BRIC (Brazil, Russia, India, China) 40 ETF (BIK)
iShares MSCI BRIC Index Fund (BKF)
May 19th, 2009 at 7:50 am
Hi Thomas,
All the BRIC funds currently available are:
BLDRS Emerging MKTS 50 ADR Index Fund (ADRE)
Claymore/BNY BRIC (Brazil, Russia, India, China) ETF (EEB)
streetTRACKS SPDR S&P BRIC (Brazil, Russia, India, China) 40 ETF (BIK)
iShares MSCI BRIC Index Fund (BKF)
May 19th, 2009 at 7:50 am
Hi Thomas,
All the BRIC funds currently available are:
BLDRS Emerging MKTS 50 ADR Index Fund (ADRE)
Claymore/BNY BRIC (Brazil, Russia, India, China) ETF (EEB)
streetTRACKS SPDR S&P BRIC (Brazil, Russia, India, China) 40 ETF (BIK)
iShares MSCI BRIC Index Fund (BKF)
May 19th, 2009 at 7:50 am
Hi Thomas,
All the BRIC funds currently available are:
BLDRS Emerging MKTS 50 ADR Index Fund (ADRE)
Claymore/BNY BRIC (Brazil, Russia, India, China) ETF (EEB)
streetTRACKS SPDR S&P BRIC (Brazil, Russia, India, China) 40 ETF (BIK)
iShares MSCI BRIC Index Fund (BKF)