Although its stock market has gone lackluster, exchange traded fund (ETF) providers are eager to make a play on the long-term growth story India presents.
Some of the largest ETF providers see an opportunity, because the options for exposure that investors have to this global powerhouse are relatively few.
Large global ETF providers like Blackrock’s iShares, State Street and Deutsche Bank are expected to launch their products in India, seen as the next logical step after gaining a foothold in Asia.
According to the Business Standard, the 16 ETFs in India with about $326 million in assets as of Dec. 31, 2010, is still only a fraction of the total investment available in India. [India ETFs and the Emerging Market Rebound.]
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.