Finance
LCID, DFS, PPG and more
Investors may want to consider adding exposure to the world’s second-largest emerging market.
According to EMQQ Global founder Kevin Carter, India’s technology sector is extremely attractive right now.
“It’s the tip of the spear of growth [in e-commerce] … not just in emerging markets, but on the planet,” Carter told CNBC’s “ETF Edge” this week.
His firm is behind the INQQ The India Internet ETF, which was launched in 2022. The India Internet ETF is up almost 21% so far this year, as of Friday’s close.
‘DoorDash of India’
One of Carter’s top plays is Zomato, which he calls “the DoorDash of India.” Zomato stock is up 128% this year.
“One of the reasons Zomato has done so well this year is because the quick commerce business blanket has exceeded expectations,” Carter said. “It now looks like it’s going to be the biggest business at Zomato.”
Carter noted his bullishness comes from a population that is just starting to go online.
“They’re getting their first-ever computer today basically,” he said, “You’re giving billions of people super computers in their pocket internet access.”
Fraud guilty plea from accountant over $1.4M mortgage loan
AICPA wants SEC to reject PCAOB standard on firm and engagement metrics
Aiwyn raises $113M in funding from KKR, Bessemer
New 2023 K-1 instructions stir the CAMT pot for partnerships and corporations
Are American progressives making themselves sad?
U.S. Beneficial Ownership Information Registry Now Accepting Reports
-
Economics1 week agoKaren Friedman Agnifilo: A Champion of Justice and Legal Expertise
-
Accounting1 week agoMastering Petty Cash Management: Best Practices for Efficiency and Control
-
Technology1 week agoThe Rise of Generative AI and Its Applications: Transforming Industries
-
Economics1 week agoHow to Mitigate Inflation’s Impact on Low Income Earners
-
Economics1 week agoIs America’s opioid epidemic finally burning out?
-
Economics6 days agoUK inflation, November 2024
-
Economics4 days agoRussian central bank surprises markets by holding key rate at 21%
-
Economics2 days agoBOI Reporting and the impact of the recent Federal Injunction