Despite some surprises, India's election has yielded a status quo outcome. Region-leading economic and earnings growth are still on the cards. Fundamentals-based EPI is a prime candidate to ride out any post-election uncertainties.
Asia is, of course, an incredibly vast continent. But most of the Asian companies in which Americans can and should invest are based in either China or India.
Recent election results and the new coalition government created uncertainty in India's political and economic scenario. Take a look into what the new government holds for India's economic outlook.
Launched on 02/22/2008, the WisdomTree India Earnings ETF (EPI) is a smart beta exchange traded fund offering broad exposure to the Asia-Pacific (Emerging) ETFs category of the market.
India Prime Minister Narendra Modi won a third term last week. But his party didn't sweep to the expected landslide.
India's markets saw their largest one-day loss in four years after the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The All India Market Capitalization index, tracked on the Bombay Stock index, dropped over $371 billion on June 4 alone.
Indian stocks fell the most in over four years (per Reuters), as the vote counting is underway, with initial trends suggesting that the Modi-magic seems to be fading. The opposition INDIA gaining ground in the Lok Sabha elections over its 2019 tally, way higher than Street expectations.
India's stock market has been riding on the expectations of a strong win for the Narendra Modi-led alliance in the recently concluded general elections.
The U.S. economy is strong and is benefiting a great deal from the energy transition and the advent of artificial intelligence. Indeed, the Federal Reserve estimates that the economy will grow at a very rapid annualized rate of 3.5% this quarter.
Option bets on India's stock market suggest it will move by less than 5% in either direction in the day after the country's election concludes, a relatively small reaction which points to investors' belief in the re-election of Narendra Modi's Bharatiya Janata party.
India's stock market has been a standout performer in recent times on upbeat economic growth and election optimism.