mbacapitalist

Direxion's New Leveraged India Mutual Fund to Compete with INP

floridadon: great question but its hard to say. I keep wondering why the Indian ETF's go up in trading the day following the Indian market's close when the Indian markets tanked. It looks like there isn't really a great correlation. I think INP is down b/c of market conditions mainly, in addition to a string of bad news from the financial giants in the ETN (HDFC and ICICI bank). I'm wondering if INP will tank down to 55-57, while EPI goes below 20. If so, I'll probably get some more shares b/c I think the Indian economy will grow for years to come, even though its still figuring it out. This is all based on a recent trip there so your experience may differ!