It's a good time for ETF investors who want exposure to India.
India has drawn a lot of attention in the last few years as an investment destination due to its large and young population, its approximate 9% annual GDP growth, strong but volatile stock market, strong currency and its expanding presence on the world economic stage. There are two ETFs covering India that have listed in the last couple of weeks; the WisdomTree India Earnings ETF(EPI Quote) and the PowerShares India Portfolio(PIN Quote). The difference between the two is simple to understand and has thus far created an apparent winner when judging by past peformance. EPI is a fundamentally weighted index that screens and weights 150 companies by their earnings in the previous year. PIN is a market-cap-weighted fund that owns shares in the 50 largest companies in India. The difference in construction accounts for some noticeable, but not dramatic, sector differences. EPI allocates 41% to resources (energy and materials) while PIN has 37% in this area. EPI is lighter in tech and telecom, 17% as opposed to 26% for PIN. Both funds take some noticeable single-stock risk. Although neither is recklessly constructed, it is worth knowing that EPI allocates 13% to Reliance Industries; PIN allocates 10% each to Reliance and Infosys(INFY Quote).| 1 Year | 3 year | 5 year | |
| EPI | 90.32% | 53.69% | 57.54% |
| PIN | 56.10% | 47.40% | 47.88% |
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