Invesco India ETF (PIN)
Invesco India ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $23.98, up 2.28% on the session, giving a market capitalisation of $177.5M. Its beta of 0.36 implies it has historically moved less than the broad market.
The Invesco India Exchange Traded Fund (ETF) is designed to track the FTSE India Quality And Yield Select Index. The Fund typically allocates at least 90% of its total capital to the constituent securities of this Index, which includes both direct holdings and related American and global depositary receipts. The benchmark Index itself is built through a specific methodology: it starts by assessing all eligible securities in the broader FTSE India Index. From this initial universe, the bottom 10% of securities, identified by their trailing 12-month dividend yield, are filtered out. Subsequently, among the remaining pool of securities, an additional 10% are excluded based on their inferior quality scores. Both the Fund's portfolio and the Index undergo rebalancing and reconstitution on a semi-annual basis.
Invesco India ETF is most often compared with the following Financial Services names: