Fueled by the run-up to and confirmation of Narendra Modi’s landslide victory in the country’s recent national election, India exchange traded funds have blown away single-country emerging markets rivals this year.

Heading into Monday, the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF) was up 51% year-to-date, making it the second-best non-leveraged ETF of any variety.

Among the four major country-specific ETFs tracking BRIC nations, the WisdomTree India Earnings Fund (NYSEArca: EPI) is by far this year’s best performer with a pre-Monday gain of 28.5%. That is nearly quadruple the performance of the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the second-best performer in the aforementioned BRIC quartet. [Foreign Investors Return to Indian Stocks]

Ebullience toward Indian equities and the corresponding ETFs recently helped EPI regain admittance to the $1 billion in assets under management club. To be precise, the largest India ETF had $1.25 billion in AUM as of May 30. [WisdomTree has 10 ETFs With $1B or More in AUM]

Several India ETFs, including EPI, were among May’s best ETFs, but last week, those funds succumbed to some profit-taking. [May’s Best ETFs]

That profit taking appears to be short-lived because as of this point Monday, six of the day’s top seven non-leveraged ETFs are India funds. EPI is a member of that group a 3% gain. What is important about Monday’s action in EPI is that the ETF is back in position to break trendline resistance that dates back to 2012.

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