Morningstar

Matthews India Active ETF INDE

Morningstar Medalist Rating
Medalist Rating as of | See Matthews Asia Investment Hub

Morningstar’s Analysis INDE

Will INDE outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable INDE’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the INDE management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of INDE’s parent organization’s priorities and whether they’re in line with investors’ interests.

Senior Analyst Ramanand Kothari

Ramanand Kothari

Senior Analyst

Summary

Ongoing team turnover remains a challenge. Despite significant changes to the Matthews India management team in recent years, the strategy remains in the hands of a capable portfolio manager. However, broader turnover across the investment teams, including India-focused analysts, introduces some uncertainty around the depth of research support and the consistency of process execution. As a result, we have downgraded the Process Pillar to Average from Above Average while maintaining its Average People Pillar rating.

by Ramanand Kothari
Rated on Published on

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Portfolio Holdings INDE

More INDE Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 44.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Eternal Ltd

9.09 2M
Consumer Cyclical

ICICI Bank Ltd

6.91 1M
Financial Services

HDFC Bank Ltd

6.20 1M
Financial Services

Neuland Laboratories Ltd

4.30 744,843
Healthcare

Bajaj Finance Ltd

3.72 644,074
Financial Services

Axis Bank Ltd

3.17 549,347
Financial Services

Bharti Airtel Ltd

3.07 530,364
Communication Services

Kotak Mahindra Bank Ltd

2.76 477,521
Financial Services

Swiggy Ltd

2.51 434,377
Consumer Cyclical

Ather Energy Ltd

2.49 430,507
Consumer Cyclical

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