ETF Trends
ETF Trends

ETFs that invest in India fell sharply in early U.S. trading Monday after Standard & Poor’s warned that India may be the first of the so-called BRIC countries to lose its investment-grade status.

Exchange traded products that track India include WisdomTree India Earnings Fund (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).

They were suffering losses of about 2% on Monday in the wake of the S&P warning.

“Slowing GDP growth and political roadblocks to economic policymaking are just some of the factors pushing up the risk that India could lose its investment-grade rating,” S&P said, according to a Reuters report.

India is one of the BRIC economies along with Brazil, Russia and China.

BRIC ETFs include SPDR S&P BRIC 40 ETF (NYSEArca: BIK), Guggenheim BRIC ETF (NYSEArca: EEB) and iShares MSCI BRIC ETF (NYSEArca: BKF).

WisdomTree India Earnings Fund

The opinions and forecasts expressed herein are solely those of John Spence, 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.