GLIN - EPI: Sticking To The Fundamentals Pays Off In India
2024-06-20 12:19:42 ET
Summary
- Despite some surprises, India's election has yielded a status quo outcome.
- Region-leading economic and earnings growth are still on the cards.
- Fundamentals-based EPI is a prime candidate to ride out any post-election uncertainties.
India's election results are out, and although the incumbent government has seen its majority reduced, Prime Minister Modi's coalition government has still won a record third term. As I highlighted in my prior coverage of WisdomTree's 'all-cap' factor ETF, the India Earnings Fund ( EPI ) (see here and here ), equities weren't priced all that aggressively relative to earnings (see performance attribution below); so it wasn't too surprising to me that the fund rallied through and post the election period....
EPI: Sticking To The Fundamentals Pays Off In India