Finance
SHOP, HON, GEV, TWLO & 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.”
Matt Gaetz vs the ethics committee
1 million taxpayers to receive up to $1,400 in ‘special payments’
Why the ‘great resignation’ became the ‘great stay’: labor economists
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
-
Leaders1 week agoAliko Dangote – The Architect of African Industrial Transformation
-
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
-
Accounting1 week agoAICPA releases accounting and valuation guide for business combinations
-
Economics1 week agoIs America’s opioid epidemic finally burning out?
-
Economics1 week agoMore than half of Gen X parents worry about supporting their adult kids, survey shows