Add an Indian Tiger to your Portfolio
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On Wednesday, India’s Central Statistical Office changed its gross domestic product estimate for fiscal year 2007, which ends in March, to 9.2%.
Though largely a domestic story, as more foreign capital flows to the country the Indian stock market should see tremendous growth. With another Fed cut on the horizon U.S. investments should accelerate. We have already seen large U.S. hedge funds snoop the attractive Indian industrial sectors. Add overseas money and it will fan the fire of this red-hot economy.
India will be a big story in ‘08 and IIF is your way to play it. It is up close to 17% year-to-date vs 3.35% for the S&P 500 index.
I have added an order to my theUpDown account as well for those that want to play along.
2 Comments on this post
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ronnie ferez said:
what is happening to your country is commendable. Now, you are not only the IT and Call Center Capital of the world, foreign investors are beginning to see the huge potential for investments in your country. I wish the same to my country.
December 4th, 2007 at 4:56 pm -
ArahMan7 said:
Ditto to Ronnie’s comments.
Greetings and lotta love from Malaysia.
December 5th, 2007 at 11:21 am
