Foreign ETF Lovers Catch New Fancy in China, Brazil

Retail investors romancing the US through exchange-traded funds are discovering new vistas in emerging markets this year.

- Srushti Vaidya

MUMBAI:

Many Indians who invest abroad under the Reserve Bank of India's liberalized remittance scheme (LRS) appear to have shifted preference to China and Brazil since the start of the year, data from broking platforms indicated. The change comes amid a steep fall in US equities after President Donald Trump unleashed a tariff war.

Mint spoke to six brokers who offer direct access to global markets and found that investments into China and Brazil grew relatively more than the US in the current year, albeit on a low base. Still, it shows a marked shift from before, when investors focused mainly on the US markets.