31.10.2014 - ETFs to Play the Largest Wealth Fund’s India Bet
As the world’s largest wealth fund increases its holdings in India, the average retail investors can also access this emerging market through country-specific exchange traded funds. For example, the PowerShares India Portfolio, iShares MSCI India ET and iShares India 50 ETF all provide access to India’s equities markets. Norway’s sovereign wealth fund, which holds $860 billion in assets under management, increased holdings “significantly” in India as the recently elected Prime Minister Narendra Modi opens the economy to investments and competition, reports Saleha Mohsin for Bloomberg. The sovereign wealth fund raised its Indian bonds and stock position to 0.9% of its fixed-income and equity portfolio in an attempt to increase its emerging market exposure and generate greater returns...............................................Full Article: Source
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