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Goldman Sachs India Equity ETF GIND Spikes This Month

India equities offer both an opportunity to diversify away from U.S. concentration risk and their own upside. With lower valuations, foreign equities cost much less, and India equities in particular offer upside, thanks to the country’s burgeoning, educated middle class. The Goldman Sachs India Equity ETF (GIND ) has spiked in the last month amid those tailwinds.Key Takeaways: India equities offers a long term case with a burgeoning, educated middle class. GIND provides a strong route therein, with its active approach and use of the ETF wrapper. The fund has returned almost 10% in the last month, per ETF Database data. GIND charges a 75 basis point fee to actively invest in India equities. The ETF assesses a landscape including equities of any market cap in India. That includes securities denominated in Rupee. GIND’s managers consider fundamental factors in doing so, while potentially adding derivatives as needed. The India equity ETF has taken that approach and returned 9.5% in the month according to ETF Database data. Over the last month it has returned 6.5%, as well. Both of those returns have outperformed the ETF’s Emerging Markets Equities ETF Database Category average. The average came in at -6.86% for the last month period, according to ETF Database. The active India equity ETF has delivered those returns while relying heavily on companies in the financials category. Specifically, almost a full third of the stocks in the ETF’s portfolio fall into the financials space, according to ETF Database. Its largest holding by some distance is ICICI Bank Limited (532174). See more: The Massive Advantage This Income ETF Brings to Portfolios Why now for India equites? Falling crude oil prices, as well as renewed attention from institutional investors, has helped. At the same time, rotation away from AI stocks has played a role already, as investors’ fears around a bubble continue to simmer. Taken together, GIND may provide an intriguing way to leverage active investing capabilities for both diversification and upside. For more news, information, and strategy, visit the Future ETFs Content Hub.

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