India's bull market could continue for several more years, according to Morgan Stanley, and a key fund tracking the country is at all-time highs.
India's historic stock market rally shows no signs of slowing down and there's still time for investors to jump in, according to Morgan Stanley. Strategist Ridham Desai said in a note to clients Thursday that the bull market for India stocks still has several years of runway and will surpass the 2003-2008 period as the longest in the country's history.
mountain The iShares MSCI India ETF is trading at all-time highs. which has an expense ratio of 0.65%, has pulled in more than $1.2 billion of investor cash this year, according to FactSet. The fund's top holdings include Reliance Industries, Icici Bank and Infosys . Some of the smaller India ETFs have actually outperformed INDA recently. The WisdomTree India Earnings Fund , which tracks an index weighted by total net income , is up more than 10% year to date and about 37% over the past 12 months.
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