IS INDIA CLIMATE US    Last:13.74    -0.04

iShares MSCI India ETF

gee... nobody buying this?

 

Hi, anyone out there with investment in this ETF?

I had interesting experience with this ETF - bought mine at US$6.30 back in August (when subprime crisis first hit) but in one month it shot up to US$7.30 thinking that it won't go up much immediately and to my horror this ETF kept going up and up - reached US$9.00 at one stage. Then again there was a temporary correction in October and I was wise enough up to go and buy back at US$8.00.  Now this baby is at US$9.85....

I personally think there is still some upside to this counter but at the same time a correction can be expected if not soon then at least when the next Indian parliament election comes in 1 or 2 years time at which stage it may dip temporarily. The short / medium / long term outlook of Indian economy still looks good despite a high forward looking P/E of most Indian bluechip companies...

 Care to share your view about outlook of this counter?


TIA.