America’s Tech Stock Mania Lures Amateur Traders From India
- Investor deposits at Vested Finance jumped 50% in June quarter
- ‘Millennials have a lot of disposable income now’: Stockal
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The record-shattering run in U.S. technology stocks has captivated mom-and-pop investors across America. Now their counterparts in India are piling in too.
Spurred on by a spate of Indian brokerages offering new low-fee trading plans and the ability to buy fractional shares overseas, local amateur investors are snapping up names like Netflix Inc., Amazon.com Inc. and Facebook Inc. Vested Finance Inc., which helps Indians buy and sell offshore stocks and exchange-traded funds, said it received $5 million in investor deposits in the June quarter, up 50% from the previous three-month period.