Doubleline Capital's Gundlach Says Emerging Markets Have Been Very Volatile; India Has A Very Bright Future; India Has A Bright Future Over Next Two Decades
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach believes emerging markets have been very volatile, but India has a bright future over the next two decades.
June 14, 2023 | 7:47 pm
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NEUTRAL IMPACT
Gundlach's comments on emerging market volatility may have a neutral impact on SPY, an ETF tracking the S&P 500.
While Gundlach's comments on emerging market volatility may cause some concern for investors, the impact on SPY, which tracks the S&P 500, is likely to be neutral as it is more focused on the US market and not directly tied to emerging markets.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Gundlach's positive outlook on India's future over the next two decades may benefit INDA, an ETF tracking Indian equities.
Jeffrey Gundlach's positive outlook on India's future over the next 20 years indicates potential growth in the Indian market. As INDA is an ETF tracking Indian equities, it may benefit from this growth and see an increase in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80