|Bid||32.61 x 900|
|Ask||33.73 x 1300|
|Day's Range||33.21 - 33.58|
|52 Week Range||32.16 - 38.21|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.68%|
Indian markets and country-specific ETFs retreated Friday after Yes Bank Ltd. and Dwan Housing Financing Corp. shares plummeted and dragged down the whole financial sector. On Friday, the iShares MSCI ...
The developing markets have been whipsawed by a mix of a strong dollar, rising interest rates and trade concerns. The Vanguard FTSE Emerging Markets ETF (VWO) fell 9.3%, iShares Core MSCI Emerging Markets ETF (IEMG) dropped 8.9% and JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) declined 6.1% so far this year. J.P. Morgan's Nicolas Aguzin argued that if you're a long-term, strategic investor, it's worth looking at emerging market returns, pointing to positive fundamentals but adding that valuations could still fall further due to market sentiment and the perception of trouble, CNBC reports.
The SPDR Gold Trust ETF (GLD) has fallen ~8.4% year-to-date and ~11.5% from its April peak. September is usually a stronger month for gold after the summer doldrums. In this September, however, investors could remain in a wait-and-see mode until the Federal Reserve’s September 25–26 meeting is over.
The demand for gold in India (INDA) for most of 2018 has been muted. While gold prices (GLD) have fallen, Indian investors haven’t been able to take full advantage of the fall. Along with declining gold prices, the Indian rupee has also lost value against the US dollar (USDU).
It's getting harder to ignore the risk of contagion in emerging markets that many investors have been pushing aside, even as conditions in Argentina and Turkey have worsened. The news out of emerging markets this week has been decidedly glum. South Africa unexpectedly dipped into recession in the second quarter, with weak growth exacerbating continued jitters about the rand and raising the risk of a credit downgrade.
India ETFs have been among the stronger areas of the emerging markets, shrugging off the global trade fears, as the economy expanded at the fastest pace in eight quarter. Over the past three months, the ...
Online retail giant Amazon (AMZN) has been trying to grab a share of India’s (INDA) growing payments market through Amazon Pay, its payments arm. Amazon Pay has reportedly acquired India’s Tapzo app in a cash-and-stock deal worth $30 million–$40 million. Currently, Tapzo allows users to access ~35 apps, including Flipkart, Amazon, Uber, and Ola, which will boost Amazon’s offerings.
India (INDA) is a growing market for US technology giants. Indians have been increasingly using Internet services due to the availability of low-cost smartphones, reasonable data plans, and improvement in network coverage. That has opened up ample growth opportunities for streaming services and digital payments companies.
Is It a Good Time to Look at Gold? In a report released on August 23, the World Gold Council (or WGC) discussed why gold prices (GLD) could rebound after the recent sell-off. In this part, we’ll discuss WGC’s major arguments and analyze if these factors can really help gold prices in the rest of 2018.
Facebook and Twitter are suspending malicious accounts to safeguard their platforms ahead of the global elections. President Donald Trump said in a Reuters interview that it is “very dangerous” for them to silence users on their platforms.
At the Federal Reserve’s annual economic policy symposium this week, Fed chair Jerome Powell is also expected to talk about continuing trade issues, especially between the United States and China, and the impact they might have on the future monetary policy. Another issue that has recently gained importance is the health of emerging markets (EEM), especially after the Turkey crisis had the makings of a contagion. Equity investors are pulling money out of emerging markets into the United States.
India (INDA) is one of the fastest-growing economies in the world and is increasingly moving toward digitalization. According to a McKinsey report, India is pegged to be a $1 trillion digital economy by 2025. Local established players, as well as US tech giants, are thus making efforts to push into the potential digital growth opportunity in India.
The demand for gold in India (INDA) fell 7.0% in the second quarter, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars.
Multiple key Asian economies released their Purchasing Managers' Index data for July this week. Most countries noted diminished production during the month, but why was this the case? Let's take a closer look.
As Comcast (CMCSA) has decided to step away from the bid for 21st Century Fox’s (FOXA) assets, Walt Disney (DIS) has acquired those premium assets, valued at $71.3 billion. Disney is expected to buy Fox’s film and TV studios, as well as cable networks such as FX Networks, Fox Sports Regional Networks, and Fox Networks Group.
Earlier this month, a number of top Apple (AAPL) executives in India (INDA), including the country’s national sales and distribution head, chief of commercial channels and mid-market businesses, and head of carrier sales, reportedly resigned. Although their reasons for leaving the company were not specified, the executives’ exits may have been driven by lackluster sales of Apple’s products in India.
Facebook (FB) delivered its slowest-ever user growth rate in the second quarter, which pulled down its stock more than 20.0% in after-hours trading on Wednesday. Facebook’s sluggish user growth also adversely impacted its top-line growth in the quarter. Both revenues and global daily users lagged behind analysts’ expectations in the second quarter.
India’s markets and India ETFs are turning around as strengthening corporate profits and its insulation from global trade war concerns helped lift this emerging market. The iShares MSCI India ETF (CBOE: ...