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India ETF adds most cash since 2015 as biz-friendly Modi's win lifts stocks

Investors also added the most since September to the $1.5 billion WisdomTree India Earnings Fund, or EPI, in the period through Friday

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Vildana Hajric and Gregor Stuart Hunter | Bloomberg

3 min read Last Updated : Jun 05 2019 | 10:23 PM IST

International investors are heading to India following the re-election of business-friendly Narendra Modi as prime minister.

The $5.4 billion iShares MSCI India exchange-traded fund, ticker INDA, lured more than $182 million last week, the most in more than four years, data compiled by Bloomberg show. Investors also added the most since September to the $1.5 billion WisdomTree India Earnings Fund, or EPI, in the period through Friday.

“A lot of western investors really like having a conservative like Modi re-elected,” said Andy Wester, a senior investment analyst at Proficio Capital Partners. “He says all the right things to attract foreign

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