If the emerging markets universe had an anointed darling last year, it would be India – and the momentum is still growing.
Net inflows into exchange traded funds (ETFs) focused on Indian stocks shattered records in 2023, clocking in at $8.6 billion last year. India’s NSE Nifty Index surged nearly 20% in 2023, handily outperforming the MSCI -0.1% emerging markets index that saw a 7% rise.
Last week, Indian shares hit new highs and the economy posted sizzling fourth quarter data, growing at 8.4%. A Reuters poll of leading analysts suggested that Indian stocks could gain another 9% this year.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
