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INDE - ETF AI Analysis
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Matthews India Active ETF (INDE)
Rating:62Neutral
Price Target:―
Positive Factors
Exposure to India’s Growth
The fund is heavily focused on India, giving investors targeted access to a fast-growing emerging market economy.
Broad Sector Mix Within India
Holdings spread across financials, consumer companies, technology, health care, and other sectors help reduce the impact of weakness in any single industry.
Several Resilient Top Holdings
Some of the largest positions, such as select banks, technology, and consumer names, have shown steady to strong performance, helping offset weaker stocks in the portfolio.
Negative Factors
Recent Weak Performance
The ETF has delivered negative returns over the past month, three months, and year to date, signaling recent performance headwinds.
High Concentration in a Few Stocks and Sectors
A significant portion of the fund is tied up in a handful of financial and consumer companies, increasing the impact if these areas struggle.
Relatively High Expense Ratio
The fund’s ongoing fee is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost options.
INDE vs. SPDR S&P 500 ETF (SPY)
AUM12.65M
RegionAsia-Pacific
Expense Ratio0.79%
Beta0.38
IssuerMatthews
Inception DateSep 22, 2023
Dividend Yield1.9%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,353
30 Day Avg. Volume5,314
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
33.57Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering64
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
INDE Summary
The Matthews India Active ETF (INDE) is an exchange-traded fund that focuses on the Indian stock market, aiming to benefit from the country’s long-term economic growth. It does not track a fixed index; instead, managers actively pick a mix of companies across many sectors, including finance, technology, and consumer businesses. Well-known holdings include HDFC Bank and Infosys. Investors might consider INDE to add international diversification and exposure to a fast-growing emerging market. A key risk is that it is heavily concentrated in India, so its price can rise or fall sharply with changes in the Indian economy and markets.
How much will it cost me?The Matthews India Active ETF (Ticker: INDE) has an expense ratio of 0.79%, meaning you’ll pay $7.90 per year for every $1,000 invested. This is higher than average because it is actively managed, which involves more research and decision-making compared to passively managed ETFs that track an index.
What would affect this ETF?The Matthews India Active ETF could benefit from India's strong economic growth, rising consumer demand, and advancements in technology, particularly given its exposure to financial and consumer sectors. However, potential risks include regulatory changes, geopolitical tensions, or global economic slowdowns that could impact India's market performance. Additionally, fluctuations in interest rates or inflation could affect key holdings like HDFC Bank and ICICI Bank.
INDE Top 10 Holdings
This India-focused ETF is leaning heavily on financials, with State Bank of India, Shriram Finance, ICICI Bank, Bajaj Finance, and Axis Bank doing much of the heavy lifting as their shares have been steadily rising and, in some cases, surging in recent months. On the flip side, HDFC Bank is losing steam, while consumer names like Zomato and telecom giant Bharti Airtel have been lagging, acting as a mild drag. Reliance has been mixed, leaving the fund clearly concentrated in Indian banks and domestic demand stories, all squarely tied to India’s market fortunes.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| HDFC Bank Limited | 7.49% | $961.70K | ₹13.51T | 2.78% | 79 Outperform | |
| Zomato Ltd. | 6.33% | $812.29K | ₹2.32T | 6.61% | ― | |
| ICICI Bank Limited | 5.44% | $698.65K | ₹9.73T | 11.58% | 71 Outperform | |
| Thangamayil Jewellery Ltd. | 4.99% | $640.43K | ₹113.06B | 110.75% | 64 Neutral | |
| Shriram Finance Limited | 3.98% | $511.11K | ₹1.96T | 61.31% | 67 Neutral | |
| State Bank of India | 3.96% | $508.11K | ₹10.81T | 60.03% | 76 Outperform | |
| Bajaj Finance Limited | 3.84% | $492.45K | ₹5.99T | 14.51% | 64 Neutral | |
| Reliance Industries Limited | 3.41% | $437.21K | ₹18.81T | 14.81% | 74 Outperform | |
| Bharti Airtel Limited | 3.27% | $419.93K | ₹10.86T | 17.18% | 73 Outperform | |
| Axis Bank Limited | 2.86% | $366.54K | ₹4.20T | 30.63% | 76 Outperform |
INDE Technical Analysis
Negative
―
Price Trends
29.22
Negative
29.69
Negative
29.44
Negative
Market Momentum
-0.33
Positive
30.72
Neutral
30.05
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For INDE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 29.02, equal to the 50-day MA of 29.22, and equal to the 200-day MA of 29.44, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 30.72 is Neutral, neither overbought nor oversold. The STOCH value of 30.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INDE.
INDE Peer Comparison
Comparison Results
Performance Comparison
INDE
Matthews India Active ETF
27.74
1.70
6.53%
JPY
Lazard Japanese Equity ETF
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―
―
NDIA
Global X India Active ETF
―
―
―
RAYJ
Rayliant SMDAM Japan Equity ETF
―
―
―
JAPN
Horizon Kinetics Japan Owner Operator ETF
―
―
―
JPAN
Matthews Japan Active ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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