PIN - Invesco India ETF: Slowing Economy Highlights Downside Equity Risks
The Invesco India ETF (NYSE:PIN) with $108 million in total assets invests in a diversified basket of Indian companies. PIN is unique among India country-specific exchange-traded funds in that it tracks an index that screens for both a fundamental quality and a high-yield component. We think the fund is an overall good option for investors to gain long-term exposure to underlying macro themes in the Indian economy. That being said, we highlight some weaker economic trends more recently including slowing growth and higher inflation that are current challenges to the near-term economic outlook