A small-cap exchange traded fund for Brazil is the top percentage gainer in 2012 with a 55% rally to lead all unleveraged ETFs as investors pour money into emerging markets.
Indian stocks were higher Friday to book their seventh consecutive weekly rise and their best streak in almost two years “bolstered by strong foreign fund inflows amid growing concerns the market has run up too fast in a short span of time,” Reuters reports. [India ETFs Vault Over 30% This Year]
The market’s jump is “liquidity driven,” Manishi Raychaudhuri at BNP Paribas told Bloomberg. “This is typically the kind of inflow India gets over a span of four to five months and not one to two months. It’s been caused by massive inflows into emerging market funds.” [BRICs Lead Emerging Market ETFs]
India is leading the so-called BRIC markets, which also include Brazil, Russia and China. BRIC ETFs are hot this year. [List of Brazil ETFs]