India: after all the downtrend was over

2015-06-23 09:33:45

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On the June 10th we wrote that the downtrend recorded by the India equity ETFs seemed to be over (see: http://www.trendsinvesting.com/blog-entry/70,indian-equity-etfs-recorded-a-relative-downtrend-but-it-seems-to-be-over). Since the June 11th these ETFs have already grown 7.2% above S&P 500 on the average, considering their beta values:

http://www.trendsinvesting.com/motif-details/Equity,India/weeks/relative


The best non-leveraged fund is EGShares India Small Cap ETF (SCIN), which is now 9.5% above S&P in 7 trading days:


However, SCIN is not very liquid; iShares MSCI India ETF (INDA), which is much more liquid, is almost 7% above:


 

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