Eric Dutram: With globalization comes the fear of economic contagion. The Indian economy has been no exception to this rule. The sovereign debt crisis in Europe and slow economic growth in the U.S. were some of the reasons that caused massive capital outflows Read more…
NYSE:ICN, NYSE:INR
Daniela Pylypczak: Emerging markets have taken center stage in recent years as investors have become increasingly attracted to the lucrative opportunities presented in this corner of the market. Despite this recent trend, many have grown somewhat leery Read more…
NYSE:ICN, NYSE:INDL, NYSE:INDZ, NYSE:INXX, PIN, SCIF
Tim Seymour: Since climbing off their post-recession low on Tuesday, stocks in the emerging world are coming back strong. The question is whether this is an organic rally or an artificial effect of central bank action. Read more…
NYSE:BZF, NYSE:CNY, NYSE:EEM, NYSE:ICN, NYSE:SZR, NYSE:XRU
Tim Seymour: The Reserve Bank of India is on the longest campaign of interest rate tightening in recent memory, but traders are still moving away from both Mumbai stocks and the rupee. Read more…
NYSE:ICN, NYSE:INP, PIN
Indian industrial output edged up a mere 3.6% in February, indicating that rising interest rates are choking economic activity in the country faster than economists expected. Read more…
NYSE:ICN, PIN
Pop quiz time! Name a country that has: More than a billion people … A massive domestic economy … A wealthy aristocracy and rising middle class … Huge and growing exports, and … Read more…
NASDAQ:INDY, NYSE:EPI, NYSE:ICN, NYSE:INDL, NYSE:INDZ, NYSE:INP, NYSE:INR, NYSE:INXX, NYSE:SCIN, PIN, SCIF
Indian wholesale inflation is down to a relatively sedate 8.58% annualized rate, which is giving Delhi room to keep local interest rates unchanged for the next few months. Read more…
NYSE:ICN
If investors weren’t already aware of the tremendous “growth gap” between the developed and emerging markets of the world, a report Tuesday out of New Delhi served as a nice reminder. Read more…
NASDAQ:INDY, NYSE:EPI, NYSE:ICN, NYSE:INP, NYSE:INR, NYSE:SCIN, PIN, SCIF
As emerging markets have raced ahead of their developed counterparts in the last two years, investors around the globe have begun to tilt portfolios more heavily towards securities that many Read more…
NASDAQ:INDY, NYSE:ICN, NYSE:INDL, NYSE:INDZ, NYSE:INP, NYSE:INR, NYSE:INXX, NYSE:SCIN, PIN, SCIF
WisdomTree has filed paperwork with the SEC for the “Dreyfus Commodity Currency Fund” (CCX). The paperwork states that the Fund is expected to be available for sale to investors beginning on or about September 1, 2010. It will be an actively managed exchange-traded fund (“ETF”) that will seek to Read more…
NYSE:BNZ, NYSE:BZF, NYSE:CCX, NYSE:CEW, NYSE:CYB, NYSE:EU, NYSE:ICN, NYSE:JYF, NYSE:SZR
At the beginning of the crisis the dollar rose as investors protect theirs funds by investing in safe currency. The dollar rose by 20 percent between July 2008 Read more…
NYSE:BZF, NYSE:CEW, NYSE:CYB, NYSE:DRR, NYSE:EU, NYSE:FXA, NYSE:FXB, NYSE:FXF, NYSE:FXM, NYSE:FXY, NYSE:ICN, NYSE:JYF, NYSE:SZR, NYSE:URR, NYSE:USY, NYSE:XRU
Global investors were greeted with a massive rally in India’s stock market to start the week after the Congress Party-led alliance scored a victory in the emerging market country’s general election.
Investors are betting in a big way that the ruling party’s win can provide a boost to India’s economy, and in their haste to snap up shares they triggered market circuit-breakers Monday as stock benchmarks surged to double-digit percentage gains.
“I think the market still has the potential to go up by another 10% to 15%,” said Deven Choksey, managing director at K.R. Choksey Shares & Securities in Mumbai. See earlier coverage.
For investors who don’t have the time or means to purchase individual Indian stocks, exchange-traded funds and notes can provide a broad-based, indexed approach for catching a prolonged rally.
Choices include Barclays iPath MSCI Index Index ETN INP, PowerShares India Portfolio PIN and WisdomTree India Earnings Fund EPI. Also, WisdomTree Dreyfus Indian Rupee Fund ICN follows the local currency, while First Trust ISE ChIndia Index Fund FNI blends Indian and Chinese stocks in a single wrapper.
The Indian-stock ETFs and ETNs enjoyed gains of more than 20% on Monday as the U.S.-listed funds joined in the buying frenzy. Exchange-traded portfolios following overseas market trade in the U.S. even while the underlying markets are closed due to time-zone differences. As such, some traders use them as a rough gauge of fair value after international markets cease trading.
Full Story: http://www.menafn.com/qn_news_story.asp?StoryId=%7BFE079770-67F6-406E-BA08-1F198E1753DA%7D
NYSE:EPI, NYSE:FNI, NYSE:ICN, NYSE:INP, NYSE:ISE, PIN
Most Comments