The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.
NEW YORK (ETF Expert) —
A seemingly endless string of interest rate hikes (unlucky 13) and bank reserve increases killed India ETFs in 2011. In fact, investors may not have feared inflation as much as they feared that the Reserve Bank of India would go too far.
Yet a shift in central bank policy bias toward easing has given emerging market watchers reason to revisit the second-most populous country. Back in January, the Reserve Bank slashed the cash reserve mandate by 50 basis points and stopped the streak of 13 consecutive rate hikes. WisdomTree India Earnings responded with a 33% mega-rally in the first eight weeks of 2012….
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Click to research the Financial Services industry.See more here: What’s Eating India ETFs?
