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Chicago, IL – June 13, 2024 – Today, Zacks Investment Ideas feature highlights Apple (AAPL - Free Report) and Nvidia (NVDA - Free Report) , iShares MSCI India ETF (INDA - Free Report) , WisdomTree India Earnings Fund (EPI - Free Report) and iShares MSCI India Small-Cap ETF (SMIN - Free Report) .
India ETFs: Can the Rally Continue?
Indian stocks experienced a wild ride last week as election results suggested that Prime Minister Modi’s BJP party might fall short of the seats needed for a simple majority. However, they rebounded when it became clear that his coalition would be able to form the government.
On Sunday, Modi was sworn in as India's prime minister for a third consecutive term. While there are concerns that it may be difficult at times for Modi to push through his agenda, investors appreciate having a business-friendly government in power.
The government retained key cabinet ministers in the important portfolios of finance, home, defense, and external affairs, suggesting policy continuity and that Modi remains firmly in control of the new coalition government.
Indian stocks and ETFs have garnered significant interest from investors lately, as the country is emerging as a clear beneficiary of China's economic crisis. China's geopolitical tensions with the US and its Western allies have also encouraged large multinationals to explore alternatives to China.
Many American companies are seeking to reduce their dependence on China. India boasts a large and highly skilled labor force, and the government is eager to attract more foreign investment.
Apple and Nvidia are among the high-profile companies expanding their presence in India.
India remains the world's fastest-growing major economy. Its GDP rose 8.2% during the fiscal year that ended in March. Goldman Sachs predicts that India will become the world's second-largest economy by 2075.
The economic growth is driven mainly by domestic consumption and investments. The rising middle class and their growing incomes will continue to boost the economy.
Last year, India overtook China as the world's most populous country, and its population is much younger than China's and most Western countries.
The country has undergone an impressive digital transformation in recent years, thanks to a combination of factors including growing internet penetration, the availability of ultra-low-cost smartphones and data plans, technological advancements, and the government's focus on building digital infrastructure.
To learn about the iShares MSCI India ETF, WisdomTree India Earnings Fund and iShares MSCI India Small-Cap ETF, please watch the short video above.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Apple, Nvidia, INDA, EPI and SMIN
For Immediate Release
Chicago, IL – June 13, 2024 – Today, Zacks Investment Ideas feature highlights Apple (AAPL - Free Report) and Nvidia (NVDA - Free Report) , iShares MSCI India ETF (INDA - Free Report) , WisdomTree India Earnings Fund (EPI - Free Report) and iShares MSCI India Small-Cap ETF (SMIN - Free Report) .
India ETFs: Can the Rally Continue?
Indian stocks experienced a wild ride last week as election results suggested that Prime Minister Modi’s BJP party might fall short of the seats needed for a simple majority. However, they rebounded when it became clear that his coalition would be able to form the government.
On Sunday, Modi was sworn in as India's prime minister for a third consecutive term. While there are concerns that it may be difficult at times for Modi to push through his agenda, investors appreciate having a business-friendly government in power.
The government retained key cabinet ministers in the important portfolios of finance, home, defense, and external affairs, suggesting policy continuity and that Modi remains firmly in control of the new coalition government.
Indian stocks and ETFs have garnered significant interest from investors lately, as the country is emerging as a clear beneficiary of China's economic crisis. China's geopolitical tensions with the US and its Western allies have also encouraged large multinationals to explore alternatives to China.
Many American companies are seeking to reduce their dependence on China. India boasts a large and highly skilled labor force, and the government is eager to attract more foreign investment.
Apple and Nvidia are among the high-profile companies expanding their presence in India.
India remains the world's fastest-growing major economy. Its GDP rose 8.2% during the fiscal year that ended in March. Goldman Sachs predicts that India will become the world's second-largest economy by 2075.
The economic growth is driven mainly by domestic consumption and investments. The rising middle class and their growing incomes will continue to boost the economy.
Last year, India overtook China as the world's most populous country, and its population is much younger than China's and most Western countries.
The country has undergone an impressive digital transformation in recent years, thanks to a combination of factors including growing internet penetration, the availability of ultra-low-cost smartphones and data plans, technological advancements, and the government's focus on building digital infrastructure.
To learn about the iShares MSCI India ETF, WisdomTree India Earnings Fund and iShares MSCI India Small-Cap ETF, please watch the short video above.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.