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Here's Why India ETFs Are Soaring

Neena Mishra

Emerging market stocks have rebounded in 2019, after a brutal sell-off late last year, thanks mainly to a dovish Fed and a soft dollar. Indian stocks and the rupee have surged this month, on improved chances of Prime Minister Modi getting another five-year term in the upcoming general elections.

Per JPMorgan, India has the “best growth story” among emerging markets. The Indian economy grew at 6.6% rate in the quarter ended December 31, slower compared to recent quarters, but it is still the fastest growing major economy in the world. Goldman Sachs raised its rating on Indian stocks to ‘overweight’ according to a CNBC Report.

Further, oil prices are expected to remain stable this year, which benefits India, as the country is a big importer of crude. Foreigner investors bought a net $3.3 billion of shares through March 18 this month, per Bloomberg.

To learn more about the iShares MSCI India ETF (INDA), the WisdomTree India Earnings Fund (EPI) and iShares MSCI India Small-Cap ETF (SMIN), please watch the short video above.

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Top holdings in these ETFs include Infosys (INFY), Wipro (WIT), ICICI Bank (IBN) and HDFC Bank (HDB).

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Wipro Limited (WIT) : Free Stock Analysis Report
 
ICICI Bank Limited (IBN) : Free Stock Analysis Report
 
HDFC Bank Limited (HDB) : Free Stock Analysis Report
 
Infosys Limited (INFY) : Free Stock Analysis Report
 
iShares MSCI India Small-Cap ETF (SMIN): ETF Research Reports
 
iShares MSCI India ETF (INDA): ETF Research Reports
 
WisdomTree India Earnings Fund (EPI): ETF Research Reports
 
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Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report