ETFs
India leads emerging market ETF flows ahead of election result
Investors have poured money into exchange-traded funds that buy shares of Indian companies, fueling one of the biggest markets of the year. popular professions again, as recent exit polls show predict Prime Minister Narendra Modi will win a third term on Tuesday.
India saw the largest inflows into emerging markets for the week ended May 31 – of $307.5 million – led by the iShares MSCI India ETF (ticker INDIA). Even though the fund raised $192.9 million, the WisdomTree India Income Fund (EPI) raised $82.6 million.