Emerging markets specialist, Mark Mobius said today that India`s stocks will outperform other emerging markets. The main reason for his market call are the improving fundamentals of the Indian economy:
"India’s shares may “outpace” other emerging markets as the country’s economy strengthens, investor Mark Mobius said in comments about the four biggest developing nations known as the BRICs.
“India’s macroeconomic fundamentals have significantly improved,” Mobius, who manages $34 billion in developing-nation assets at Templeton Asset Management Ltd., said in a question and answer interview posted on the company’s Web site yesterday." in Bloomberg
Related ETF`s: iShares MSCI Emerging Markets Indx (ETF) (EEM) , PowerShares India Portfolio (ETF)
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