Emerging Markets Indices

Call rate closes at highest since October 2019 as liquidity tightens

In his Asia Pacific ex-Japan asset portfolio, allocation to Indian equities at 16 per cent is the second highest after his exposure to China, which stands at 31 per cent.

Nifty has gained 17% YTD in dollar terms, best among headline EM indices

India has one of the largest local currency government bond markets among emerging-market economies with over $800 billion in debt stock

The consensus earnings per share (EPS) growth estimate in 2020 for the Indian market is 20.3 per cent, while the same for the EM pack is 14.1 per cent

There's no indication of a bigger blowup that will sharply curb global growth

Developing markets worldwide saw an eventful year amid North Korea's missile power plays to Venezuela's debt default

The relative outperformance of Indian share markets has helped the country improve its weightage in the MSCI emerging markets (EM) index. According to data compiled from the MSCI website, India now has 8.72 per cent of the MSCI EM index, 50 basis points (bps) higher than the country's weight during the 2007 bull market. Even on a year-on-year basis, the weight has gone up by 47 bps. This will help attract more of foreign flows, since at least $1.5 trillion of funds are estimated to track this index. Passive funds allot capital in line with the weight in the index; active ones slightly alter these, depending on their view on each nation. For instance, Swiss finance multinational UBS' EM strategy is to go overweight on India and South Korea, while underweight on Taiwan and Thailand.In weightage, India is the fourth largest EM, after China, Korea and Taiwan. Although India is much bigger than Korea or Taiwan in market capitalisation (m-cap), both these countries have much higher ...

As a pack, the EM and Asia-Pacific (excluding Japan) region has managed to beat Street expectations