Indian equity markets are booming, and aren’t showing any signs of slowing down. The surprise rate cut executed by the Chinese Central Bank in order to fight its slowing growth, as well as European Central Bank President Mario Draghi’s commitment to its stimulus package has provided the Indian economy with plenty of fuel to pull away from the other BRICS countries (Brazil, Russia, India, China and South Africa).
The slowing of the economies China and the eurozone helped India’s major indices, the Sensex and Nifty, to hit new highs last week. This bolstered the hope that the Reserve Bank of India (RBI) will ease monetary policy before its review on December 2 in order to trigger more economic growth.
Highlighted below are a number of ETFs that have benefited from India’s recent boom and may continue to if the RBI decides to ease its monetary policy.
iPath MSCI India Index ETN
The Barclays Bank Plc iPath ETNs linked to the MSCI India Total (NYSE: INP) follows 76 ...
/www.benzinga.com/trading-ideas/long-ideas/14/12/5045021/4-outperforming-indian-etfs alt=4 Outperforming Indian ETFs>Full story available on Benzinga.com
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