We have reported the flagging performance of other Emerging Markets including China, Russia, and Brazil relative to say U.S. equities, and a general theme of put buying in broad based products EEM (iShares MSCI Emerging Markets, Expense Ratio 0.67%) and VWO (Vanguard Emerging Markets, Expense Ratio 0.20%).
With some bargain hunters emerging apparently in EPI yesterday and purchasing upside calls, we will watch this and other India related ETFs closely in coming sessions to see if they can recoup some of the losses that have occurred mainly in the past two months.
WisdomTree India Earnings
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