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From revitalized manufacturing to burgeoning real estate development and the establishment of global centers, India's economic landscape is brimming with potential.
For investors seeking momentum, VanEck India Growth Leaders ETF GLIN is probably on radar. The fund just hit a 52-week high and is up 24.09% from its 52-week low price of $30.63/share.
India's investment landscape is attracting considerable attention and optimism, backed by the IMF's encouraging growth projections.
For many years, China dominated the emerging markets spotlight. At one point, it commanded a weight of nearly one-third of the market capitalization of major indexes.
Goldman Sachs recently said that by 2075, India will be the world's second-largest economy. Obviously, more than 50 years is longer than many investors' time horizons.
For investors seeking momentum, VanEck India Growth Leaders ETF GLIN is probably on radar. The fund just hit a 52-week high and is up 19.66% from its 52-week low price of $30.06/share.
In an asset class as expansive as emerging markets equities, identifying specific countries or regions with the potential to outperform is difficult, even for professional investors. Hence, many market participants lean on broad instruments, including exchange traded funds, to access developing economies.
Good growth momentum, strong credit growth, and a supportive budget environment provide a positive backdrop, though the Reserve Bank of India (RBI) still has work to do to tame inflation. Export growth is running at only about -6.5%YoY, a much smaller decline than the 20% fall we see in economies such as Korea, Taiwan, and Singapore.
In a bygone era of emerging markets investing, one when equities in developing economies seemingly appreciated with ease, China was the leader of those gains. That's not to say the world's second-largest economy will sit idle if and when a new era of emerging markets bullishness arrives.
The MSCI India Index is down just 6% year-to-date — far better than the 20.12% shed by the MSCI Emerging Markets Index.