Update: Lyxor UCITS ETF MSCI India C-USD (USD)

Im Zuge der fulminanten Kurssteigerungen an der Börse in Indien ist der Markt inzwischen hoch bewertet. Angesichts der Überlegenheit vieler aktiver Ansätze dürfte dieser ETF am ehesten für ein taktisches Kurzfrist-Engagement geeignet sein.

Monika Dutt 22.09.2016

Rolle im Portfolio

This exchange-traded fund provides exposure to India's largest equities. As with all single-country emerging-markets ETFs, Lyxor MSCI India would be best deployed as a tactical tool within a well-diversified portfolio. 

Investors should keep in mind that India imposes fairly tight controls on currency flows as well as on foreign ownership of enterprises. Besides, from a legal standpoint, despite improvements over the past years, the Indian corporate sector still suffers from a distinct lack of transparency, and accounting rules are not yet up to international standards.

In less efficient markets, such as the case here, there could be scope for experienced active managers to add some value over a standard large-cap benchmark. For example, within the India equity Morningstar Category, actively managed funds have on average outperformed and shown lower volatility than passive peers during the past three- and five-year periods. In fact, this ETF's risk-adjusted returns have consistently ranked at the bottom of the fourth quartile. Longer comparisons are not possible, as India ETFs launched only a few years ago.

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Über den Autor

Monika Dutt  E' Analista sulle strategie passive di Morningstar Europe

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