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Following a multiyear run in which Indian equities and related ETFs were emerging market leaders and among the best-performing ex-U.S. stocks, the group retreated in the first quarter even as other international markets sprang to life.
India's stocks have erased most of this year's losses, thanks to early signs of increased government spending and monetary easing.
A smart beta exchange traded fund, the WisdomTree India Earnings ETF (EPI) debuted on 02/22/2008, and offers broad exposure to the Asia-Pacific (Emerging) ETFs category of the market.
India's equity market has underperformed due to tariff fears, AI threats, and weak economic data, leading to a downgrade of EPI from buy to hold. EPI has lagged behind the iShares All-Country ex-US ETF by over 20 percentage points since August 2024, with a YTD return of -3%. Despite a low valuation multiple, EPI's technical chart indicates more downside, with support around $36-$37 and resistance at $47-$48.
With President-elect Trump set to take the oath of office in less than two weeks, and with 2025 in its early innings, advisors and investors are likely evaluating asset classes and ideas that could work well this year. Not surprisingly, following a now lengthy stretch of disappointment, broad-based emerging markets strategies aren't atop those lists.
Look at ETFs with exposure to India, as the growth outlook for the developing economy slows down, driven by internal and external headwinds.
When it comes to the participants that can really move equity markets, regardless of country, that status is usually reserved for hedge funds, institutional investors and other professionals. Many often overlook the market-moving potential of retail investors.
Blurring the lines between conference and festival, this year's Future Proof brought thousands of attendees to the summery shores of Huntington Beach in Los Angeles.
India's growth story isn't slowing down. Equities still have a lot of upside from here. EPI remains poised for outperformance.
A smart beta exchange traded fund, the WisdomTree India Earnings ETF (EPI) debuted on 02/22/2008, and offers broad exposure to the Asia-Pacific (Emerging) ETFs category of the market.