And Wisdom Tree of course is a believer in that story.

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Wisdom Tree is one of the biggest exchange traded fund companies in the world.

FORBES: If China Is So Awful, Why Is Wisdom Tree Launching A China Equity ETF?

Since Mobius said India was coming out of the doldrums in early July, the Wisdom Tree India Earnings ( EPI) exchange traded fund has gained 10.75%.

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Looking at the Vanguard MSCI Emerging Markets ( VWO) will provide some clue: the exchange traded fund is up 0.79 percent as of Feb. 1, as is the Wisdom Tree Emerging Markets Equity Income Fund ( DEM).

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Consider some of the big four BRIC exchange traded funds like the Wisdom Tree India (EPI) ETF.

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Last year, Wisdom Tree saw a 42 percent increase in new money flows as a percent of assets under management, greater than any other fund company, according to Morgan Stanley Research.

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The Wisdom Tree India (EPI) ETF is down over 30% in the same period as of today.

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