Matthews India Active ETF INDE (INDE)
Matthews India Active ETF INDE operates in the Asset Management - Global industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $29.42, up 0.53% on the session, giving a market capitalisation of $9.5M. Its beta of 0.31 implies it has historically moved less than the broad market.
Typically, this fund seeks to fulfill its investment objective by directing a minimum of 80% of its total assets—inclusive of any borrowed capital—into equity securities issued by Indian companies. These investments may consist of common stocks, preferred stocks, and convertible securities, regardless of their duration or credit quality. The fund is authorized to hold unrated securities or those that would be classified as below investment grade (commonly termed 'junk bonds') if formally rated. The portfolio maintains a concentrated, non-diversified investment strategy.
Matthews India Active ETF INDE is most often compared with the following Financial Services names: