Money Manager Gundlach Says Buy India. Here’s How
ETF investors are a step ahead of DoubleLine’s CEO, having poured close to $5 billion into India over the past two years.
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Jeffrey Gundlach is a big fan of India’s stock market. So are investors in exchange-traded funds.
“Buy India … and don’t look at your statement for 25 years,” DoubleLine Capital’s chief executive officer told an audience of ETF investors last week at ETF.com’s annual Inside Fixed Income conference, citing the country’s demographics. The World Bank this year predicted India would overtake China as the world’s fastest-growing major economy in the next two years, with gross domestic product growth of 7.1 percent by 2017.