Very good.
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A surprising rate cut this week helped lift the Wisdom Tree India (EPI) exchange traded fund by 0.6% over the last five days, beating out the MSCI Emerging Markets and S&P 500 indices.
“Reformers will be the performers,” says Gaurav Mallik, managing director of emerging markets for State Street Global Advisors, a $2.4 trillion wealth management firm in Boston. “This is why all eyes are on India right now. Today, value in emerging markets is locked up in resources, energy and materials. But the only way to unlock that value is you need to reform the business. India is doing that,” he says.
Emerging Global Advisors, a New York-based ETF company, agrees. They touted reforms as the No. 1 for buying Indian equities. In this case, reforms means tax changes and rules changes that allow for greater absorption of foreign money into Indian companies.
On balance, Saturday’s 2015-16 fiscal budget pleased investors despite a marginal sell-off of 0.5% in the stock market. Indian equities are not overbought yet. The relative strength indicator is still in the 50s. An RSI of 70 is a sell signal for technical traders.
Five Reasons To Invest In India - Forbes
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A surprising rate cut this week helped lift the Wisdom Tree India (EPI) exchange traded fund by 0.6% over the last five days, beating out the MSCI Emerging Markets and S&P 500 indices.
“Reformers will be the performers,” says Gaurav Mallik, managing director of emerging markets for State Street Global Advisors, a $2.4 trillion wealth management firm in Boston. “This is why all eyes are on India right now. Today, value in emerging markets is locked up in resources, energy and materials. But the only way to unlock that value is you need to reform the business. India is doing that,” he says.
Emerging Global Advisors, a New York-based ETF company, agrees. They touted reforms as the No. 1 for buying Indian equities. In this case, reforms means tax changes and rules changes that allow for greater absorption of foreign money into Indian companies.
On balance, Saturday’s 2015-16 fiscal budget pleased investors despite a marginal sell-off of 0.5% in the stock market. Indian equities are not overbought yet. The relative strength indicator is still in the 50s. An RSI of 70 is a sell signal for technical traders.
Five Reasons To Invest In India - Forbes