Crores of our Gods are helping our markets outperform! ahaha INP
Not awhile back (this Jan) foreign investors created
so much turbulence about the Emerging Markets/ EEM that even we
(I speak on behalf of INP ) didn’t know were such huge deal breakers! They were sure Fed's tapering would affect us. They were sure our economies were useless and currency even worse.
According to them, Egypt, Thailand and Turkey were already breathing next to chaos.
They
believed Russia was experiencing decelerating growth.
India and Brazil were de-growing on an incremental scale, with
increasing social tension; Inflation, a widening Current Account Deficit, depreciating Brazilian Real and Indian Rupee against US dollar.
They didn't like Indonesia because it was dependent on China for imports and to expand business; they believed this dependence was a weakness.
This one is due to the hype created by all the foreign investors over "Emerging Markets"/"Fragile 5" that I regularly read on Twitter. Well, we don't see the fragility now, do we? With India (INP) and Indonesia (EIDO) outperforming US (IWM)
So much so, now ETF provider ALPS is expanding its dividend dogs of Dow Theory to EEM, the ALPS Emerging Sector Dividend Dogs ETF (EDOG).
It sort of baffles me as to why they are investing in all emerging markets, but not India; When India would attract serious investments this year. I reckon they just can't ever learn!
So much so, now ETF provider ALPS is expanding its dividend dogs of Dow Theory to EEM, the ALPS Emerging Sector Dividend Dogs ETF (EDOG).
It sort of baffles me as to why they are investing in all emerging markets, but not India; When India would attract serious investments this year. I reckon they just can't ever learn!
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