Why not an India exchange traded fund (ETF)?  Finally, there is an exchange traded note (ETN), similar to an ETF for investors who want to seek India. Barclay’s is planning an ETN that will follow an index of the largest companies on the National Stock Exchange Of India. Amvescap’s PowerShares unit is launching its own fund that contains a mix of U.S. and India companies that offer exposure to the country. Both could be here as soon as December 20.

The India market is volatile but has since caught up with its early peak and risen 47% year-to-date. In contrast to China, as far as the larger emerging markets are concerned, India’s a deeper and more liquid market. Barclay’s iPath MSCI India Index ETN will follow the MSCI India Total Return Index and top holdings include Infosys Technologies Ltd., Reliance Industries Ltd., and Icici Bank Ltd. according to Ian Salisbury of The Wall Street Journal.

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.