Joined March 2024
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Mar 5
In less than two years, Ionic Wealth has crossed $1 billion in Assets Under Management.
From day one, Ionic was built on a simple belief: the future of wealth management will not be purely digital (DIY) or purely advisory, it will be omnichannel.
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Disclaimer: The information contained in this post is provided for informational purposes only and should not be construed as tax, legal or investment advice. Viewers are advised to consult their independent tax, legal advisors and financial consultants for guidance specific to their individual circumstances. Angel One Investment Services Private Limited (“Ionic Wealth”) is an AMFI registered Mutual Fund Distributor (ARN 306165)
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Jun 10
This is the part worth sitting with.
Thematic ETFs are not really about what will grow.
They are about what the market believes will grow and when that belief peaks.
Some stories arrive too early. Others get discovered too late.
The gap between those two moments is where returns are made. Or lost.
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Jun 10
Some thematic ETFs are not even market driven.
Cannabis is a good example. Demand is already there. Growth is visible.
But performance hinges on policy changes.
Which means the real driver is not earnings, it is legislation.
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Jun 10
And then comes the twist.
A space ETF, once written off as a speculative misfire, went on to deliver extraordinary returns years later.
No single breakthrough drove it. No dramatic catalyst.
The narrative simply caught up with reality.
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Jun 10
Now look at gaming and social media. These industries are massive, global, and still growing.
Yet their ETFs have seen 70% rallies followed by −40% crashes.
The businesses did not disappear.
What changed was what investors believed they were worth.
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Jun 10
Where Wall Street has built a thesis for everything
The market has figured out how to turn stories into investments.
Love pets? There's an ETF.
Believe in space? There's an ETF.
Bullish on cannabis? There's an ETF.
But packaging a compelling story into a product does not make it a good investment.
A thread🧵
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Jun 10
Take pet care. The thesis feels airtight - rising incomes, emotional spending, a structurally growing industry.
On the surface, a perfect long-term bet.
But the ETF built around this idea has struggled. Why?
Because the optimism was already baked into the price long before most investors arrived.
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Jun 9
FEMO is doing a lot of work in markets this year.
Fabulous Earnings Momentum has pulled ~USD 620 bn of ETF flows into the US in 2026. It explains a lot about how global capital looks today. It does not explain where the most interesting opportunity sits.
Plot every major market on forward PE against 2027 EPS growth expectations.
The US and Taiwan sit in "Expensive High Growth".
Europe, Canada and Australia cluster in "Expensive Low Growth".
South Korea sits in the cheap-and-growing corner. ~8x forward PE paired with EPS growth expectations of ~30% for 2027. Year-to-date, 2027 EPS estimates for Korea have moved up sharply while the trading multiple has compressed. The earnings story is visible in the numbers; the market has not reflected it yet.
Globally, equities appear to be transitioning to an earnings-driven cycle.
AI-led profit growth is concentrated in the US, but it is also surfacing asymmetric opportunities in undervalued, high-growth markets that are not yet on everyone's radar. Korea is one example of where this is visible right now.
This is part of why we continue to look at global equity as a 60:40 mix between developed markets including the US and emerging markets excluding India.
Risks worth watching: any slowdown in the AI cycle, a reversal in US-led flows, or a more hawkish Fed.
For a full breakdown across all asset classes, read more in our monthly multi-asset strategy report: AssetX June’26.
Link in comments.
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Jun 5
Our quick take on today's RBI policy:
Rates held at 5.25%, stance neutral. The MPC's signal is that India's inflation problem is being imported (global supply side shock due to the war), so domestic rate hikes aren't of much help in short-term. Growth forecast trimmed to 6.6%, inflation nudged up to 5.1%.
The more interesting move is the coordinated RBI plus government push to attract foreign capital and stabilise the rupee. Markets liked it: INR stronger, yields softer.
A rate hike is still possible in H2, but only if the Fed turns hawkish, the war drags on, or the monsoon disappoints.
ionic.in/blogs/rbi-mpc-june-…
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May 26
Over the last few months, Indian equities haven’t delivered spectacular returns.
But beneath the surface, something important has changed.
Why are we saying this?
A thread 🧵
By @harshmadhusudan
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May 26
If you've made it this far, you probably want the full picture — charts, data, and what we're watching next.
Read the full piece on our Substack: ionicwealth.substack.com/p/w…
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May 7
This year, your child's education can help you save more in taxes.
And since these exemptions are only available under the old tax regime, the debate over the new vs. old tax regime has resurfaced.
But what does it mean for you, and how can you optimise for it?
Read on (a thread) 🧵
Full story in our @Substack: ionicwealth.substack.com/p/t…
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May 7
The choice between the two regimes is no longer straightforward.
Before filing taxes this year, it is essential to evaluate both regimes carefully. For many salaried taxpayers, the old regime may now be worth revisiting.
Subscribe to our newsletter: ionicwealth.substack.com/p/t…
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