According to the global consumer confidence index study conducted by Nielsen, India’s consumer confidence level rose seven points to 128 at the end of the second quarter, the Economic Times reports.
PIN allocates 7.2% of its weight to the consumer staples sector. PIN has added nearly $85 million of its $529.4 in assets under management this year, according to PowerShares data.
PowerShares India Portfolio
ETF Trends editorial team contributed to this article.