11Mon·

$QDV5 (+0.77%) Does anyone know what is currently going on there?

10 Comments

Oleg@ScorpionfromBW

11Mon

What's going on? 1% down. Is this the end of the world?

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Fabian F.@Fabianfeuer

11Mon

@ScorpionfromBW no doomsday only the ETF is up 26% in one year and suddenly -6% in one month

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Oleg@ScorpionfromBW

11Mon

@Fabianfeuer It is also an emerging markets or Asia ETF. And you should know that they are very volatile, even on a daily basis.

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Marc@DerAzubi

11Mon

@Fabianfeuer Well, it's just an ETF on an entire economy. Either something has changed in the economic outlook or it is simply a healthy correction after a 26% rise.

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Kate🦋@Iwamoto

11Mon

I read somewhere that the Indian market has been downgraded by the major banks.

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Kate🦋@Iwamoto

11Mon

Goldman Sachs recently lowered its Indian GDP growth forecasts for 2024 from 6.2% to 5.7% and for 2025 from 6.8% to 6.4%. This adjustment reflects the ongoing inflation and possible interest rate hikes by the Reserve Bank of India, which could slow economic growth. Global uncertainties, structural challenges such as high unemployment and geopolitical risks are also weighing on the Indian economy. Goldman Sachs is therefore cautious about India's medium-term growth prospects.

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