The mega economies of China and India are once again growing at a torrid pace, with both projected to expand by at least 9% this year. Both countries’ PMI readings are now in the mid 50s, suggesting a period of expansion in the manufacturing industry as well. With much of the developed world still waiting for meaningful economic expansion to materialize, many investors looking for growth opportunities have turned to these two countries, which have nearly 40% of the world’s population, to act as global growth engines and pull the rest of the world out of the recession. But while many are pinning hopes of a sustained recovery on the two giants, opinions are mixed on which country offers investors the best chance for long term gains. [click to continue…]
India ETFs, which have already enjoyed tremendous gains this year following well-received election results in May, surged again on Monday, this time as a result of several landmark agreements sealed during U.S. Secretary of State Hillary Clinton’s first visit to the South Asian nation. While disputes over how to address climate change have cast a shadow over U.S.-India relations in recent months, Monday’s breakthrough delivered concrete, tangible steps towards improved two-way trade and mutually beneficial economic endeavors. [click to continue…]
Over the last two years, equity markets have cratered, volatility has skyrocketed, and retirement portfolios have been crushed under the weight of a global recession and seemingly unending uncertainty. But over this period, the ETF industry has enjoyed astonishing success, attracting billions of dollars away from traditional mutual funds and redefining the business of long-term [...]
