Net inflows into exchange traded funds (ETFs) tracking Indian stocks hit a record high in 2023, with analysts optimistic that investors will continue to buy into the world’s fastest-growing major economy even as keenly watched general elections loom.
India-focused ETFs saw net inflows of $8.6 billion last year, according to data by Morningstar Direct, beating the $7.4 billion peak in net flows in 2021.
Analysts see the trend continuing in the run-up to general elections due by May and beyond, with Prime Minister Narendra Modi expected to be re-elected for a rare third term.
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.
