Investors are urged to diversify their portfolios internationally, as home bias in the US is at an all-time high. The Dow, S&P 500, and Nasdaq all saw gains this week, while the iShares MSCI Emerging Markets ETF hit a 52-week high. China is seen as a strong long-term bet.
EMQQ Global Founder Kevin Carter recommends investing abroad, with his firm offering Emerging Markets Internet and India Internet ETFs. The Emerging Markets Internet ETF has gained 35% this year, while the India Internet ETF is down 3%. Carter remains bullish on India’s potential for growth.
India’s NSE Nifty 50 has outperformed the US markets over the last five years, surging 118%. With strong demographics and growth, India is seen as a prime emerging market for investors. The country’s GDP is expected to grow by 6.2% in 2025, making it one of the fastest-growing major economies.
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1. Tesla announces record-breaking quarter with $2.8 billion in revenue, surpassing analyst expectations. The electric car company also reported a profit of $438 million, marking its fourth consecutive profitable quarter.
2. Facebook faces backlash as whistleblower reveals internal documents showing the platform prioritized engagement over user safety. The documents highlight how Facebook knew its platforms were being used to spread misinformation and harm.
3. Apple unveils new iPhone 13 lineup with improved cameras, faster performance, and longer battery life. The tech giant also introduces the Apple Watch Series 7 with a larger, more durable display.
4. Federal Reserve signals potential interest rate hikes as inflation continues to rise. Chair Jerome Powell suggests tapering asset purchases sooner than expected to combat inflation pressures.
5. Amazon pledges to reach net-zero carbon emissions by 2040, a decade ahead of the Paris Agreement’s goal. The e-commerce giant commits to investing in renewable energy and sustainable practices to achieve its ambitious target.: Case for investing abroad despite record U.S. market gains
