Exchange-traded funds exposed to Indian assets slumped Tuesday, extending their declines, as the country succumbed to a surge in coronavirus cases and Prime Minister Narendra Modi said he would address the nation tonight. The Invesco India ETF was down 2.5% midday and 7.5% for the month, and the WisdomTree India Earnings Fund lost 1.7%, and is down 6.9% for the month. The largest India fund, the iShares MSCI India ETF also lost 1.7%.
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