India ETFs: 4 Reasons to Take a Look

January 4th at 12:00pm by Tom Lydon

110_F_4635543_gk6DlIubaRVkwzW5aLYyOjPrIThAZoC6 After a year of solid growth, India’s exchange traded funds (ETFs) appear poised to continue giving investors opportunities after a spate of positive reports from several sectors.

  • Despite the rising input costs, manufacturing activity in India was up in December by new order flows. The seasonally adjusted HSBC Purchasing Managers’ Index, prepared by Markit, rose to 55.6 in December from 53.0 in November, according to the survey, reports Abrhajit Gangopadhyay for The Wall Street Journal. A figure above 50 indicates expansion and December’s result reflects growth through the past nine months.
  • Reports say that India is on target for 8% growth in fiscal 2011, and the economy is forecast to have growth between 7% and 7.5% in the fiscal year ending mid-March, reports Reuters.

For more stories about India, visit our India category.

  • PowerShares India (NYSEArca: PIN): up 79.7% in 2009

  • WisdomTree India Earnings (NYSEArca: EPI): up 94.4% in 2009

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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