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]
Market Vectors India Small-Cap ETF (NYSEArca: SCIF) has rallied 55.2% year to date, according to Morningstar. [BRICs vs. 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]
Other exchange traded products for India include WisdomTree India Earnings Fund ETF (NYSEArca: EPI), iPath MSCI India ETN (NYSEArca: INP), Powershares India Portfolio ETF (NYSEArca: PIN), iShares S&P India Nifty 50 Index Fund ETF (NYSEArca: INDY) and iShares MSCI India Index Fund (NYSEArca: INDA).
In currency markets, a stronger rupee is providing an additional boost to Indian ETFs that don’t hedge their foreign currency exposure.
Market Vectors India Small-Cap ETF
Full disclosure: Tom Lydon’s clients own EPI.