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More Money Chases Indian Tech Start-Ups as Investors Shun Chinese Names

More Money Chases Indian Tech Start-Ups as Investors Shun Chinese Names

Where To Invest $100,000 In Asia Right Now

Where to Invest $100,000 In Asia Right Now May 06 2021, 2:27 PM May 06 2021, 2:27 PM May 06 2021, 2:27 PM (Bloomberg) It’s all relative. (Bloomberg) It’s all relative. In the U.S. — a nation trying to recover from the economic devastation of the Covid-19 pandemic — a growth rate of 6.4% sounds pretty good. But that’s until you see the International Monetary Fund forecasts for China and other Asian economies in 2021. China’s economy is expected to close the year with an 8.4% growth rate. And in India, the economy could expand by 12.5% this year, the IMF estimated in an April report, though that was before the recent surge in Covid-19 cases that has left the country battling the world’s worst coronavirus crisis.

India gains prominence among US ETF investors

ETF investors from US bet big on India The largest ETF is the iShares MSCI India ETF (INDA) with an AUM of $5.13 billion. It was set up in 2012 and has grown its AUM by almost 1,000 times since then, indicating a strong interest in India investments (Photo: iStock) Enquiries from NRIs living in the US looking to invest in India are growing by almost 15-20% month-on-month According to ETF Database, there are 12 India-focused ETFs listed in the US with an AUM of $7.26 billion as of 26 January Share Via Read Full Story India is fast becoming a preferred destination for US-based Exchange Traded Fund (ETF) investors aiming to shift a part of their investments away from China even as they seek better returns against the backdrop of low interest rates back home.