Another India that has recently stout inflows is the PowerShares India Portfolio (NYSEArca: PIN). PIN has brought in $47.3 million in new assets over the past 90 days, making it the twelfth-best PowerShares ETF by that metric over that time, according to issuer data.
PIN’s largest sector allocation is an almost 27% weight to energy. A resurgent rupee helps on that front because India imports the bulk of its domestic energy needs. Although PIN is not a Sensex tracking ETF, the fund’s ability to be reflective of the Indian benchmark is important and legitimate.
At the end of last year, financial services, energy and technology names represented half of the Sensex. Those sectors combine for over 54% of PIN’s weight. [PIN-terest for an India ETF]
Market Vectors India Small-Cap Index ETF
