ISHARES S&P INDIA NIFTY 50 INDEX FUND $19.09 (Nasdaq symbol INDY; buy or sell through brokers; us.ishares.com) is an ETF that aims to track the S&P CNX Nifty Index, which represents the 50 largest, most liquid Indian securities.
The stocks held by most emerging market ETFs have weakened this year, but the iShares S&P India Fund has been hit especially hard.
That’s because the Indian currency, the rupee, has fallen sharply. It’s down more than 31% against the U.S. dollar since January of this year. That fall cuts the value of declining Indian stocks even further for foreign investors.
The movement of investor capital from India to a recovering U.S. economy is one of the main reasons for the rupee’s fall. In addition, a series of government measures aimed at controlling capital leaving the country have backfired, accelerating the shift.
India still needs to modernize its transportation, communications and electrical infrastructure, and its inefficient, corrupt bureaucracy.
However, its economy will likely grow at a still-strong 5.7% this year. As well, the low rupee will make Indian manufacturers and outsourcing service providers even more competitive in global markets.
This gives the Indian economy and stock market considerable long-term potential. But in the near term, the risk for safety-conscious investors has become very high.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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