GLIN Stock Recent News

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.

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.