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India Internet ETF (NYSEARCA:INQQ - Get Free Report)'s stock price traded down 0.3% during trading on Tuesday. The company traded as low as $15.19 and last traded at $15.25. 9,412 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 31,276 shares. The stock had previously closed at
Indian ETFs like INDA and FLIN gain spotlight as U.S.-India trade deal seems to near, which could slash tariffs and reignite investor confidence.
Kevin Carter, EMQQ founder and CIO, and Dave Nadig, ETF.com president and director of research, join CNBC's Contessa Brewer to discuss the appetite for emerging markets this year and if the opportunity has passed, the SEC potentially allowing asset managers to add ETF share classes to mutual funds and the crypto ETF products that could launch before year-end.
India's economy grew at an annual rate of 7.8% in the quarter ending June, topping economists' expectations of 6.7% (Reuters poll), as quoted on CNBC.
INQQ offers unique exposure to India's booming e-commerce sector, driven by youthful demographics and rapid digitization across both the government and private sectors. 27% of Global Gen Z resides in India, creating a compelling long-term "mass consumption" growth opportunity reminiscent of 1960s US and 2000s China. Serious market volatility and recent underperformance may have set up a technical support, while upcoming US and EU trade deals could catalyze a summer rebound.
India: the "perfect" emerging market.
Low-priced securities offer great affordability and higher chances of outperformance than the larger ones.
Recently, I mentioned India as one of the top themes this year. However, I wanted to go further in-depth into this thematic opportunity.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.