INDA: Why India Could Be Your AI-Downside Hedge
The iShares MSCI India ETF (INDA) has received a buy rating despite its recent underperformance compared to other emerging market ETFs and the S&P 500. It is currently trading at a price-to-earnings ratio of 20.5, which is slightly lower than that of the S&P 500, and has a long-term earnings growth rate of 11%. However, its sector composition may limit its ability to benefit from the AI-driven rally in emerging markets.
- ▪INDA has been rated as a buy despite underperforming other emerging market ETFs.
- ▪The ETF is trading at a 20.5x price-to-earnings ratio, which is a slight discount to the S&P 500.
- ▪It boasts a long-term earnings growth rate of 11%.
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