India ETFs Thrive Under the Microscope | ETF Trends

India is playing host to the 72-nation Commonwealth games in just two days, but its poor infrastructure has been the takeaway story for many media. Behind the headlines, however, are some thriving exchange traded funds (ETFs).

Despite lax security, disease-carrying mosquitoes and filthy toilets, India’s economy is hardly hurting. In fact, Indian stocks are on their longest stretch of weekly gains in five months.

According to The Economist, it’s forecast to expand 8.5% this year, and some economists believe that India will grow faster than any other large country over the next 25 years. [India’s ETFs Surging To Highs.]

Yogima Seth Sharma for Financial Chronicle reports that India’s exports grew by 22.5% in August from a year ago, while imports rose 32.2%, widening the trade deficit. Although this poses a threat, it’s expected that the economy will hold up. [Global ETFs: Where Investors Take Refuge.]

Rajhkumar K Shaaw for Bloomberg reports that forecasts for a better-than-expected monsoon has also bolstered the economic growth estimate.

According to the ETF Analyzer, there are five long-only India plays, and two inverse and leveraged offerings. Drop by the Analyzer to sort these funds by assets, yield, performance and more:

  • PowerShares India (NYSEArca: PIN)
  • WisdomTree India Earnings (NYSEArca: EPI)
  • iShares S&P India Nifty 50 Index (NYSEArca: INDY)
  • EG Shares Indxx India Small Cap ETF (NYSEArca: SCIN)
  • Direxion Daily India Bear 2x Shares (NYSEArca: INDZ)
  • Direxion Daily India Bull 2x Shares (NYSEArca: INDL)

Tisha Guerrero contributed to this article.

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.