India markets make ETF customers twinge?

In a pattern that has repeated earlier Indian market cycles, India again came out tops on its long running market crisis just ithin a eek of the orst ETF outflows from the country. Emerging Market ETFs lost $3.5B in May and Sovereign Bonds & Investment Grade bonds gained $5B and $9 B respectively. India ETFs lost $300 M in the same three four weeks and instead of craling back into the bunkers for the 30% premium to other Emerging markets , India has broken out north of 5000 as inflation trends down on the commodities don cycle and the currency continues to a near 30% depreciation from last year (27%) 

 

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