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There are at least two certainties regarding Indian stocks. First, equities in that country have been the stars among major emerging markets for several years.
India's economy is evolving into a consumption-driven powerhouse. The country's allure as a global business and technology hub is on the rise, attracting substantial foreign investment and tech giants.
VanEck India Growth Leaders ETF offers exposure to a diverse portfolio of Indian companies with strong growth potential. The GLIN ETF outperforms other similar funds in terms of its focus on growth-oriented companies in India. Investing in GLIN provides access to high-growth Indian companies, diversification across sectors, and the potential for high returns, but carries country-specific, emerging market, and currency risks.
India ETFs should gain ahead due to improved GDP growth prospects and chances of election win of the market-friendly leader Narendra Modi.
With 2023 in the books, India stocks capped another strong annual run. That extended the country's winning streak to eight years, while Chinese stocks slumped for a third consecutive year.
India ETFs have been riding high lately and hovering around a 52-week high.
With 2024 soon arriving, optimism could be reborn that broader gauges of emerging market stocks could finally outperform domestic rivals. Betting on that happening is easier said than done.
Barring a miracle of epic proportions over the last weeks of 2023, this year will go down as another dud for emerging markets equities. With the arrival of 2024 imminent, the MSCI Emerging Markets Index is up just 3.46% year-to-date.
By Angus Shillington, Deputy Portfolio Manager, Emerging Markets Equity and John Patrick Lee, CFA, Product Manager India's rapid digitization, thriving equity market and demographic trends are creating compelling investment opportunities that we believe investors should be exploring. India is carving out a unique niche in the global investment landscape and becoming a rising investment destination.
Several India ETFs have hit a 52-week high lately. Untapped potential of India, real estate resurgence, slowdown in China, and improving GDP of India hve led to the uptick in shares.