FLIN - FLIN: Solid Indian Equities Fund
2024-06-14 17:53:56 ET
Summary
- The Franklin FTSE India ETF offers exposure to large and mid-sized Indian companies with a low expense ratio of 0.19%.
- The FLIN ETF has outperformed the INDA ETF in the recent past with a greater number of mid-cap companies in its portfolio that has benefited handsomely in recent years.
- Looking forward, momentum still favors Indian equities and the FLIN could be a good complement/replacement for the INDA ETF.
- However, investors should keep an eye on Indian valuations, which are historically high.
I have been bullish on Indian equities for quite a while, as India seems poised to supplant China as the world's growth engine with a youthful population and strong relationships with Western democracies (Figure 1).
Figure 1 - Demographic projections between India and China (UN.org)
In the past, I have recommended the iShares MSCI India ETF ( INDA ) as a convenient way to gain exposure to Indian equities. Recently, I came across the Franklin FTSE India ETF ( FLIN ), another Indian equities-focused ETF. How does FLIN compare against INDA?...
FLIN: Solid Indian Equities Fund