INDA Outperforming BRICS Peers, Ray Dalio Says 'India Is At A Very Special Moment' At Davos
Portfolio Pulse from Surbhi Jain
The iShares MSCI India ETF (INDA) has outperformed its BRICS counterparts with a 16.3% gain over the past year. Ray Dalio, at Davos, praised India's economic position, comparing it to China's pivotal moment in 1980. Dalio's Bridgewater Associates has significant investments in emerging markets, particularly in India, through ETFs like IEMG and VWO. Despite high valuations, Dalio recommends cautious investment in Indian markets, citing low debt levels and effective leadership under Prime Minister Modi. Other ETFs providing exposure to Indian equity include EPI, NFTY, INDY, and INQQ.
January 17, 2024 | 2:43 pm
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POSITIVE IMPACT
Bridgewater Associates' top holding, IEMG, with 18.52% allocation to India, may see increased interest following Dalio's positive remarks on India.
Dalio's comments at Davos could lead to increased investor interest in IEMG due to its significant exposure to the Indian market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
INDA has outperformed other BRICS ETFs with a 16.3% annual gain, and Ray Dalio's positive comments on India may boost investor confidence.
Dalio's endorsement of India's economic position and comparison to China's growth era could attract more investors to INDA, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
VWO, with over 20% allocated in Indian equity, may benefit from Dalio's optimistic view on India's economic prospects.
Given Bridgewater's investment and Dalio's positive outlook on India, VWO may experience a positive short-term impact as it has a significant Indian equity allocation.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70