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.
Matthews India Active ETF INDE
Morningstar’s Analysis INDE
Will INDE outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 42.9
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Eternal Ltd | 6.43 | 876,614 | Consumer Cyclical |
Thangamayil Jewellery Ltd | 6.42 | 874,468 | Consumer Cyclical |
HDFC Bank Ltd | 6.27 | 854,247 | Financial Services |
ICICI Bank Ltd | 5.06 | 689,104 | Financial Services |
Neuland Laboratories Ltd | 3.59 | 488,555 | Healthcare |
Bajaj Finance Ltd | 3.30 | 449,814 | Financial Services |
Bharti Airtel Ltd | 3.16 | 430,702 | Communication Services |
Reliance Industries Ltd | 3.12 | 425,051 | Energy |
Shriram Finance Ltd | 3.02 | 410,921 | Financial Services |
Axis Bank Ltd | 2.57 | 349,541 | Financial Services |
United States