India ETF

[Richard (Freetrade 2 Financial Freedom)]

Are there any cheap India tracking ETF’s that could be added to the Freetrade stock universe ?

[john]

I made a request for one last year.

[Request] iShares MSCI India ETF UCITS - IIND

This is an ETF which tracks Indian companies. Basically I’d like more diversity from global trackers which are very US heavy, and emerging market trackers which are very China heavy. So my vote would be for more country specific ETFs allowing users to build their own global trackers based on which countries they want to invest in. iShares have lots of these for different countries. I’d also like to see some for non Eurozone European countries like Switzerland and Sweden.

[gl196]

Can you tell us more about why India ETFs are a good investment?

[jazzersi (Simon)]

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.

[saf]

Most of the Indian ETFs do not produce Key Information Documents, so they cannot be traded here. The xTrackers one does but it uses indirect replication.

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.

[gl196]

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

Time to Take Money Out of Indian Stocks

[john]

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.

[bitflip]

FRANKLIN LIBERTYSHARES ICAV FTSE INDIA UCITS ETF ACC (GBP) (FRIN) has a TER of 0.19% and a one year growth of 42.35%. It is quite a small fund approx £70 million. IIND, which is in the FT universe, has a TER of .65% and one year growth of 44.69% … it is a much larger fund: £906 million.

Someone put in a stock request for FRIN (in March this year):

Franklin FTSE India UCITS ETF (FRIN) GBP [Duplicate. Marked for closing]

Please add Franklin FTSE India UCITS ETF (FRIN) GBP This is the cheapest India ETF - 0.19% p.a. Total expense ratio and more diversified than iShares MSCI India UCITS ETF (IIND) [This is the only India ETF available on FT atm] Need more ETFs /stocks to invest in India

[JimmyJ]

FRIN is already on Freetrade.

Franklin FTSE India UCITS ETF - FRIN

IE00BHZRQZ17 ticker frin, lower fee than ishare msci India

[bitflip]

Ok - it is not on the publicly available FT stock list at the time of writing this message.

[Optimisery (Celia)]

FRIN is available to plus users.

[bitflip]

Anyone stumbling into this thread: Note that iShares MSCI India UCITS ETF USD Acc (GBP) IIND is also available.