PIN allocates 19.2% of its weight to technology stocks, the ETF’s second-largest sector weight behind 24.3% to financial services. Three tech names appear among PIN’s top-10 holdings. Materials and health care, two of the other sectors highlighted as weak rupee plays, combine for nearly 13% of PIN’s weight. Whether or not an all-out BRIC materializes remains to be seen, but PIN is showing signs of life, having gained 1.6% in the past week. [BRIC ETF on the Cusp of Breaking Out]
PowerShares India ETF
ETF Trends editorial team contributed this post.