Investors have not displayed much taste for more focused India ETFs, either. The EGShares India Consumer ETF (NYSEArca: INCO) and the EGShares India Infrastructure Index Fund (NYSEArca: INXX) are up an average of 20% this year, but INCO has gained no new cash while INXX has brought in less than $600,000.

To be fair, INDA, INDY and the PowerShares India Portfolio (NYSEArca: PIN) have combined 2014 inflows of nearly $192 million. However, the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) has brought in over $303 in just the past month. Inflows of $192 million would be equivalent to just a few minutes of trading for the iShares China Large-Cap ETF (NYSEArca: FXI), which turns over more than quadruple that sum on a daily basis.

Giving credit where it is due, the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF) has pulled in $96.5 million of its $245.3 million in assets under management this year. SCIF is up 31% this year.

WisdomTree India Earnings Fund