India ETF’s & Funds Hold Up After Terror Attacks in Mumbai (PIN, EPI, IIF, IFN, INP)
November 26, 2008 by Douglas A. McIntyre
Fresh terrorist attacks targeted against foreigners in Mumbai, India have failed to thwart a market rally today. Reports have foreigners being taken hostage at premiere hotels frequented by the wealthy and by business travelers. Some 60 deaths have been reported. Interestingly enough, this has also failed to take the wind out of the Indian ETF’s and Indian ADR’s which are actively traded in the US. ETF and fund price moves are as follows:
- PowerShares India (NYSE: PIN) up 4.5% at $11.31
- WisdomTree India Earnings (NYSE: EPI) up 4.1% at $10.37
- Morgan Stanley India Investment Fund, Inc. (NYSE: IIF) up 1.4% at $12.39
- India Fund, Inc. (NYSE: IFN) up 4.1% at $17.47
- iPath MSCI India Index ETN (NYSE: INP) up 4% at $28.72
We also added in an after-report list to the ADR’s and active stocks we track that trade in the U.S. to show a broad interest as well.
Jon C. Ogg
November 26, 2008
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.