Are there any cheap India tracking ETF’s that could be added to the Freetrade stock universe ?
I made a request for one last year.
Can you tell us more about why India ETFs are a good investment?
Just saw this in finimize this morning:
India’s economy is currently the seventh largest in the world – and with 7% annual growth (compared to 2% in the US this year), India is expected to overtake France and the UK to sit in fifth by the end of 2019.
But its not cheap, its 1.09% fee
The JPMorgan Indian Investment Trust is available in the Freetrade app, so it might be worth researching this. I know this is a trust rather than a ETF but thought I would mention it in case it covers your goals.
From WSJ yesterday:
Time to Take Money Out of Indian Stocks
Prime Minister Narendra Modi’s resounding success in last week’s Indian elections may make for a strong government, but a strong stock market won’t necessarily follow. Indian stocks have risen to record highs, but slowing economic growth and rising unemployment are only a few of the problems the new government faces. Jacky Wong says its a good time for investors to take money off the table
I did buy this as alternative. It’s +13% for me at the moment.
Fidelity India Focus is one of the funds in my pension and it performs fairly similarly with the same high fee.