VWO - Invesco India ETF - Encouraging Outlook But Limited Value At These Levels

• Indian tech which dominates the global outsourcing market is well poised to benefit from $4.5 trillion worth of tech spending, although the pace of large deal wins has slowed.
• Indian financial stocks are poised to see an improvement in loan growth, and asset quality issues haven’t been as bad as initially feared.
• The prospects for PIN’s top holdings look bright, but steep valuations should also be noted.
• Foreign investors tend to be less bullish on Indian equities when crude oil prices are at elevated levels given the risks to the country's import bill.
• PIN’s valuations are steep and it looks overstretched to the upside.

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