Performance of country ETFs of Qatar and India have under-performed among its peers of 48 countries.
India is among the only two countries that have given negative exchange traded fund (ETF) returns in 2019. According to a list by Charlie Bilello, who describes himself as an investor, India stood at the bottom of country ETF returns data list, giving a return of -2.7 percent. Qatar was the only other country with negative ETF returns at 0.7 percent.
Meanwhile, Egypt stood at the first position on the list with year-to-date (YTD) returns of 21.8 percent followed by Columbia, Argentina, Canada and Brazil.
According to the list, 46 out of 48 country ETFs have delivered a positive average return of 10 percent.
Best start to a year for global equities since 1987: 46 out of 48 country ETFs positive w/ an average return of +10%. pic.twitter.com/9tffUVcEpB— Charlie Bilello (@charliebilello) February 23, 2019
An international exchange traded fund (ETF) is any ETF that invests in foreign-based securities.
Moreover, Indian stock markets are likely to stay volatile in the run-up to the 2019 general elections. Narendra Modi-led Bharatiya Janata Party is fighting to get re-elected against an united opposition, analysts said. Global developments such as US-China trade tensions and weak global economic outlook have also dampened investors' sentiment. Moreover, volatile crude oil prices have also weighed on the markets.
First Published: IST