A Wall Street Mirage on Dalal Street? What To Watch Out For Before Investing In India-Listed Global ETFs

In the past five sessions, these ETFs have seen gains between 5 per cent and 50 per cent. Notably, such double digit gains are surprising for ETFs in such a short span of time. However, most of these gains came on September 7, when the US stock markets were closed for the Labor Day public holiday. Thus, the actual underlying US tech stocks held by these funds did not even trade, meaning their true net asset value (NAV) remained entirely static.