Eight of 10 worst-performing US emerging-market ETFs are focused on India

India's benchmark S&P BSE Sensex entered its first correction in 15 months last week

Eight of this year’s 10 worst-performing U.S. emerging-market non-leveraged ETFs are focused on India. The biggest exchange-traded fund, BlackRock’s $5.2 billion iShares MSCI India ETF, lost more than 5 percent -- the least impressive start since its inception in 2012.

Slow Start

Eight out of the 10 worst-performing non-leveraged EM ETFs this year invest in India.

Pick a reason: A newly reintroduced tax on long-term capital gains turned off middle-class Indians who had been scooping up equities. There’s been fear that a $2 billion bank fraud could turn into a contagion. That’s not to mention lower earnings growth