Invesco India ETF (PIN)
| Assets | $213.32M |
| Expense Ratio | 0.78% |
| PE Ratio | 23.46 |
| Shares Out | 8.17M |
| Dividend (ttm) | $2.19 |
| Dividend Yield | 8.36% |
| Ex-Dividend Date | Dec 23, 2024 |
| Payout Frequency | Annual |
| Payout Ratio | 197.43% |
| Volume | 21,369 |
| Open | 26.14 |
| Previous Close | 26.26 |
| Day's Range | 26.06 - 26.23 |
| 52-Week Low | 23.07 |
| 52-Week High | 29.37 |
| Beta | 0.55 |
| Holdings | 220 |
| Inception Date | Mar 5, 2008 |
About PIN
Fund Home PageThe Invesco India ETF (PIN) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of India-listed stocks, screened for yield and quality and weighted by market cap. PIN was launched on Mar 5, 2008 and is issued by Invesco.
Top 10 Holdings
37.25% of assets| Name | Symbol | Weight |
|---|---|---|
| HDFC Bank Limited | HDFCBANK | 7.55% |
| Reliance Industries Limited | RELIANCE | 6.83% |
| ICICI Bank Limited | ICICIBANK | 4.79% |
| Bharti Airtel Limited | BHARTIARTL | 3.81% |
| Infosys Limited | INFY | 3.52% |
| Indian Rupee | n/a | 2.58% |
| Mahindra & Mahindra Limited | M&M | 2.19% |
| Tata Consultancy Services Limited | TCS | 2.11% |
| Bajaj Finance Limited | BAJFINANCE | 1.98% |
| Axis Bank Limited | AXISBANK | 1.91% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $2.18584 | Dec 27, 2024 |
| Dec 18, 2023 | $0.42727 | Dec 22, 2023 |
| Sep 18, 2023 | $0.10493 | Sep 22, 2023 |
| Dec 19, 2022 | $2.99469 | Dec 23, 2022 |
| Dec 20, 2021 | $1.59859 | Dec 31, 2021 |
| Sep 20, 2021 | $0.1463 | Sep 30, 2021 |
Performance
PIN had a total return of -1.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.30%.
News
APAC Equities: The Sensitivity To Oil Prices
Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling...
Indian Equities Are A Good Opportunity, But PIN Is Not The Best Fund
The Invesco India ETF offers exposure to slightly higher quality Indian stocks but suffers from higher expenses, lower liquidity, and inconsistent income compared to peer India ETFs. India's macroecon...
PIN: 3 Reasons To Turn Cautiously Optimistic On This Quality Indian ETF (Rating Upgrade)
PIN which focuses on around 200 quality and high yielding Indian stocks has barely moved over the past year, but we are now prepared to turn cautiously optimistic. Loan growth which has been on a decl...
PIN: Quality Shines Through The Indian Downturn
Indian equities may be going through a particularly bad patch. But the Invesco India ETF's emphasis on quality has helped to limit its downside. With external uncertainties looming large, a PIN alloca...
PIN: Riding Out The Indian Storm
Indian stocks have pulled back after a very strong year. But even against a challenged Q4 backdrop, the quality-focused Invesco India ETF (PIN) has proven resilient. Heading into a potentially volatil...
Indian Banks To Sustain Higher Leverage Ratios On Growing Capital
Major Indian banks are expected to sustain high leverage ratios, as healthy profits and a rapidly growing economy will help them build buffers. India's economic growth, which slowed to 5.4% year over ...
India's IPO Market Set For Another High After Landmark Year For Fundraising
Fundraising via IPOs in India is set for another landmark year after economic growth, favorable market conditions and improvements in the regulatory framework helped companies raise record amounts in ...
PIN: Still The Go-To Defensive India Play
Indian stocks have begun to pull back after an outstanding year. Yet, underlying fundamentals remain as robust as ever. Quality-focused PIN ranks highly for those looking to play it safe anyway.
PIN: A Defensive Play On India's Post-Budget Blues
India's updated Budget has roiled equity markets. Still, the fundamental long-term investment case remains intact. In the face of near-term valuation pressure, Invesco's India ETF stands out.
PIN: Not A Bad Product But Not Ideal To Buy Now
PIN employs some useful quality and yield screeners whilst constructing its portfolio of Indian stocks. We measure how PIN stacks up against the largest Indian ETF- INDA. We raise a few concerns over ...
The Reserve Bank of India Delivers A Hawkish Hold
Was today's no change to policy and hawkish statement a demonstration of the RBI's independence as some are suggesting? Or is the backdrop simply not yet conducive to a cut?
PIN: Quality Remains The Way To Go In India
Few equity markets have performed quite as well as India. Factor ETFs like PIN are a great way to add performance. Heading into a catalyst-rich period, PIN remains a great pick.
Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures
Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.
PIN: Quality Indian Stocks Keep Winning
The Invesco India ETF focuses on high-quality Indian stocks with high-dividend yields, aiming to deliver alpha on a risk-adjusted basis. India's favorable macroeconomic variables, such as low debt-to-...
January 2024 Key ETF Performance
The first month of 2024 is already complete, and below is a look at the performance of various asset classes during January using key ETFs that we track closely. The S&P 500 (SPY) finished the month u...
Social Media Stocks: The Strongest And Weakest Heading Into 2024
Social media stocks Meta, Pinterest, and Snapchat enjoyed strong gains in 2023 as the broader ad market stabilized and fundamentals improved. Ad impression growth remains strong for Meta and Pinterest...
PIN: Outperform With India's 'Best Of Breed'
India has been the standout equity market performer in emerging Asia. Using a quality-focused stock selection approach further adds to the outperformance. Heading into an action-packed 2024, Invesco's...
PIN: A Good India Play
India's economy is growing rapidly and benefiting from tensions with China, making it an attractive investment opportunity. The Invesco India ETF provides exposure to the Indian market while emphasizi...
Consider This: Is India The New China?
India's potential for economic growth lies in its young population, business-friendly reforms, and technology sectors. To unlock this potential, India needs long-term policies to address structural co...
India is seeing a multidecade growth surge. Here's how you can invest in it.
If you would like to have investment exposure to a tremendous emerging market with good prospects for rapid growth over coming decades, you should look at India.
India's Manufacturing Output Surges While Inflation Pressures Ease
India's economy continues to experience rapid growth, with GDP expanding by 7.8% year-over-year in the April-June quarter of 2023. Industrial production in India rose by 10.3% year-over-year in August...
PIN: Easing Is Back On The Menu In India
India's growth engine is chugging along. Meanwhile, inflation is trending lower after a brief weather-related shock. Investing in the highest-quality Indian large-caps via factor ETFs like PIN continu...
India's Booming Stock Market Is Leaving China in the Dust
The South Asian nation's market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.
India: GDP Growth Accelerates In Q2 2023
At 7.8% YoY, India's GDP print for 2Q23 was precisely in line with the consensus expectation. Nonetheless, singles out India as one of the few economies in the region where growth is actually firming,...
India's Economy Continues To Show Strong Growth In Mid-2023
India's economy continues to show strong expansion in the first half of 2023, driven by domestic demand and robust manufacturing and services sectors. Foreign direct investment (FDI) inflows into Indi...
PIN: Ride The Indian Surge Via This Quality-Focused Fund
Buoyed by solid earnings growth and a healthy dose of multiple expansion, Indian equities have outperformed in Q2. While there are hurdles near-term, the structural drivers underpinning the long-term ...
PIN: Still A Compelling Option For This Year
There remains a lot to like about the Indian growth story, and the recent upturn in Indian equities post-earnings season could be a sign of things to come. Investors looking for a quality portfolio to...
Update On India: Time To Take Another Look
India's economy has been resilient in the face of recent challenges, including the banking turmoil impacting the United States and Europe. Currently, the price-earnings ratio for Indian stocks (based ...
India's Economy Continues To Expand As Inflation Moderates
The Indian economy showed rapid growth in 2022, the second consecutive year of strong recovery following deep economic contraction in 2020 due to the COVID-19 pandemic. The index of industrial product...
India: Another Solid Year Ahead For The Economy
Good growth momentum, strong credit growth, and a supportive budget environment provide a positive backdrop, though the Reserve Bank of India (RBI) still has work to do to tame inflation. Export growt...
India's Economic Growth Moderates In Last Quarter Of 2022
India has become an increasingly attractive location for multinationals across a wide range of industries. Latest data on key economic indicators continue to show strong momentum in many sectors of th...
Invesco India ETF: A Potential Winner In 2023
The Invesco India ETF offers investors a diversified vehicle to gain exposure to Indian equities. Following a pre-election budget that balanced growth with fiscal discipline, the outlook for the India...
Control, Complexity, And Politics: Deconstructing The Adani Affair
The India Rising story hit some turbulence last week, as one of its biggest corporate success stories, the Adani Group, was hit with a report from Hindenburg Research. While the revenue part of the st...
PIN Is A Bet On A Winning India
We think that India is a major winner in the current geopolitical turmoil, able to capture major arbitrage in energy. Moreover, an advantaged geopolitical position and superior demographics puts them ...
5 Growth Opportunities In India
India is now the fastest-growing major economy in the world, surpassing China for the first time in a generation, with close to 8% growth. India's combination of a pro-business, reform-minded governme...
Invesco India ETF: The Positives And Negatives Of A Strengthening Dollar
The Invesco India ETF provides single-country exposure with a high total expense ratio. Other ETF providers might be a better bet. The strengthening of the US dollar against the Indian Rupee will rema...
India: Banking On The Budget
The 2022/23 Union budget sets out the Indian government's estimate for the deficit in 2021/22 at 6.8% of GDP and projects the deficit falling to 6.4% in 2022/23. The importance of agriculture for Indi...
Invesco India ETF: For Another Day
PIN has some good and bad qualities relative to other options. The energy import factor is a major headache for the Indian economy.
PIN: Indian Equities Are Expensive For Now
India is likely to grow faster than the majority of Western economies. PIN provides exposure to a basket of quality Indian equities, and more broadly, to the Indian economy.
Harnessing Growth: India's Transition Reflected In Sustainability Commitment
In this research piece, we discuss the possible pathway to India's environmental goals, as well as select investment opportunities that reflect ongoing progress across the ESG landscape. India fares w...
Spiking Australian Interest Rates Are A Glimpse Of The Global Future
Australia has been in the news lately over its aggressive response to the pandemic. But the bigger Down Under story might end up being interest rates. With inflation soaring, however, it became harder...
Invesco India ETF - Encouraging Outlook, But Limited Value At These Levels
Indian tech which dominates the global outsourcing market is well poised to benefit from $4.5 trillion worth of tech spending, although the pace of large deal wins has slowed.