EPI, the new WisdomTree India Earnings Fund down 20%

You've seen the commercials a million times on Bloomberg, CNBC, and Fox Business. Despite WISDOMTREE TRUST's (NYSE:EPI) 150 profitable companies what they fail to mention is the fund's performance, just down 20%, that's all.

Either the fund is undervalued or maybe the hype was overvalued?

For now the Masters aren't touching this one, India is hurting along with the U.S. economy.

BANGALORE (Reuters) - Indian shares are likely to rise from current levels by the end of 2008 but are expected to end the year down 16 percent, ending a six-year bull run that saw the market rise more than six-fold, a Reuters poll shows.

The global credit crisis, rising inflation, high oil costs, slowing growth and foreigners turning net sellers of stocks after record inflows in 2007 have all undermined market sentiment.

"There are real fears of high inflation and slowing growth in the Indian economy, which is not good news for any developing economy," said Gajendra Nagpal, chief executive of Unicon Financial in New Delhi.

The annual inflation rate hit 8.24 percent in end-May, its highest in more than 3-1/2 years, propelled by high global oil and food prices.

Economists expect annual inflation to hit 13-year highs above 9 percent in June following an increase of about 10 percent in state-set petrol and diesel prices, effective from June 5.

Read more about India's economy and stock market at Reuters:

POLL - Indian shares to fall 16 pct in 2008 despite H2 rebound