January 23, 2013 at 18:51 PM EST
India ETFs: New Global Stock Market Leaders
After lagging their peers last year, India ETFs are seeing a reversal of fortune in the global stock market PowerShares India (PIN) is up 6.1% year to date, vs. 0.27% for iShares Emerging Markets Index (EEM). Last year PIN gained 14%, trailing EEM by about 5 percentage points. It rallied from a 36% loss in 2011 vs. EEM's 19% loss. The volatility comes from India's account deficit, fluctuations in the rupee's exchange rate and the country's heavy
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