Indiaâ??s expanding manufacturing activity of late is an encouraging sign for investors who previously may have avoided that emerging market due to the countryâ??s slow economic growth and relatively high inflation. In fact, the countryâ??s manufacturing activity expanded at a faster rate than Chinaâ??s in June. With manufacturing on the rise, India offers a renewed chance for investors to make money and one way to do so is through an exchange-traded fund (ETF) called the iShares S&P India Nifty 50 Index (INDY).
This non-diversified fund invests at least 80% of its assets in securities that comprise the underlying index, which measures the equity performance of Indiaâ??s top 50 public companies by market capitalization.
INDY certainly has been a volatile trade this year, down more than 15% year to date. However, the stock climbed 23.2% last year. This ETF also has a dividend yield of 0.45% for investors interested in a bit of income. And Indiaâ??s economy appears to be on the mend, based on its governmentâ??s latest data.
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