FLIN - FLIN: Ride This Ultra Low-Cost ETF Into India's General Elections
2024-04-03 12:56:02 ET
Summary
- India's incumbent government is gunning for a big general election result.
- Large-cap equities could still benefit from a post-election rally.
- FLIN remains the lowest-cost vehicle to capture the upside.
Fundamental data out of India has continued to be very strong through the first quarter of 2024. Forward-looking manufacturing PMI numbers, for instance, just printed a sixteen-year high ( up to 59.1 in March from 56.9 in February) on strength across both output and new orders. With India still in the early innings of its latest capex upcycle and core inflation also pacing at relatively benign levels, the near-term macro setup continues to stand out among the major economies....
FLIN: Ride This Ultra Low-Cost ETF Into India's General Elections