India ETFs Hitting 52-Week Highs: Here's Why
Nasdaq As global investors assess their options in the changing backdrop of international investments, one country seems to be capturing the spotlight: India. Several India ETFs including Vaneck India Growth Leaders ETF GLIN, Vaneck Digital India ETF DGIN, Franklin India ETF FLIN, iShares MSCI India Small-Cap ETF SMIN and Wisdomtree India Earnings Fund EPI have hit a 52-week high lately. We'll tell you why.
India: A Land of Untapped Potential
A recent assessment by Jitania Kandhari, Deputy Chief Investment Officer for Solutions & Multi-Asset at Morgan Stanley, highlights India's unique position as a hotspot for investment, contrasting it with the challenges faced by its neighbor, China, as quoted on CNBC.
Kandhari's insights shed light on India's underinvestment scenario, where the investment to GDP ratio has been on a decline. However, a significant shift is underway. There has been a push among companies to diversify supply chains.
