India Shines as Top Emerging Market as China and Taiwan Falter
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China's heavy weighting in EM benchmarks like MSCI EM Index has led to poor returns recently due to Chinese equities languishing.
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India has delivered strong equity returns over last 1, 3, and 5 years due to double-digit sales and margin expansion.
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Taiwan's returns have been driven more by multiple expansion rather than strong fundamentals.
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India offers lower P/E and excess returns over MSCI India benchmark through WisdomTree India Earnings Fund's focus on profitable companies.
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India could be poised to continue strong performance if FX headwinds abate and it sustains solid growth fundamentals.