A new central bank leader and one month of lower account deficits are positive anecdotes, but conflicting views remain about the veracity of a recovery in India ETFs. Major global banks from Citibank to Goldman Sachs to HSBC have recently downgraded their views on India. On the other hand, the $15.6 billion Templeton Asian Growth Fund managed by Mark Mobius boosted its exposure to India to 16.75% at the end of July from 15.6% at the end of last year, according to Reuters.
PowerShares India Portfolio
ETF Trends editorial team contributed to this post.