Our weekly looks at the most searched exchange traded funds are usually an entertaining, instructive exercise.
Still, even we will admit that the dominance of Russia ETFs among the most searched international funds was getting a little too predictable. Seeing a Russia ETF, or two or three at or near the top of the most searched ETFs for multiple months started to lack in entertainment value after a while.
That changed this week as it was India ETFs that were far and away the most searched global funds on ETF Trends. http://www.etftrends.com/
In fact, the most searched ETF of any type was the WisdomTree India Earnings Fund (NYSEArca: EPI), the largest India ETF. India ETFs were highly trafficked after Narendra Modi, the leader of the Hindu nationalist Bharatiya Janata Party cruised to victory in one of the most widely followed elections in recent memory for the world’s largest democracy.
Importantly, Modi’s BJP party appears likely to gain enough Narendra Modi, the leader of the Hindu nationalist Bharatiya Janata Party, for a majority.
A majority government would be India’s first in three decades and gives Modi the mandate markets are hoping for to spur infrastructure and increase economic reforms. [India Election Results Could Lift Infrastructure ETF]
Other India ETFs that were highly searched on the week include the PowerShares India Portfolio (NYSEArca: PIN), the Infrastructure Index Fund (NYSEArca: INXX) and the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF). PIN closed at a 27-month high Friday. [PIN-terest Among India ETFs]