印度股市续创阶段新高，多路资金加码主投印度的新兴亚洲ETF（520580）

Core Insights - The Indian stock market experienced a significant rise, with the Sensex index increasing by 1.48%, reaching a new high since October of the previous year, potentially influenced by tariff reductions [1] - The Emerging Asia ETF (520580) saw a strong performance, opening higher and recording a 1.38% increase, with nearly 1.7 billion yuan traded within the first 10 minutes [1] - Southeast Asian countries, including India, Indonesia, and Thailand, have implemented interest rate cuts to stimulate economic growth, contributing to a bullish trend in their stock markets [3][4] Market Performance - The Indian stock market has been on an upward trajectory, with the Sensex index continuously hitting new highs this year [3] - The Emerging Asia ETF recorded a net inflow of 41.17 million yuan, with a record net purchase of 7.89 million yuan since its inclusion in margin trading [2] Monetary Policy - Central banks in Southeast Asia, including India, have adopted rate cuts this year to support economic growth, with expectations for further cuts in the coming months [4] - Barclays reported that the Indian central bank might lower rates in June, earlier than previously anticipated in August, following two rate cuts this year [4] ETF Characteristics - The Emerging Asia ETF (520580) has a high correlation with the Indian market, with approximately 50% of its investments allocated to India [5] - The correlation coefficient between the Emerging Asia Select 50 Index and the Indian Sensex 30 Index is 0.7, indicating a strong relationship [6] Historical Performance - Since its inception on March 28, 2018, the Emerging Asia Select 50 Total Return Index has achieved a return of 42.18%, outperforming the MSCI Emerging Markets Index, which saw a decline of 0.98% during the same period [6] - India's stock market has delivered an annualized return of 14% over the past 20 years, with potential catalysts for continued growth identified [8]