Core Viewpoint - The Invesco India ETF (PIN) is viewed as a 'Sell' due to its lack of momentum, higher expense ratios, and underperformance compared to benchmarks [1]. Group 1: Fund Performance - The fund has not demonstrated the ability to outperform despite market conditions that may favor it [1]. Group 2: Investment Philosophy - The investment approach emphasizes rational decision-making, downside protection, and independent thinking, aiming to provide clear, research-based insights for long-term investing [1].

With the NIFTY 50 Index ( NIFTY ) up over +10% YoY, the Invesco India ETF ( PIN ) has underperformed the Indian stock market, down -7% in 2025. Likewise, the fund has also underperformed the S&P 500 (I am an individual investor with previous experience as a public finance analyst. Over the last 10 years, I have managed my own portfolio, focusing on ETF cyclicality and individual value-oriented investments. I try to remain relatively agnostic to the investment opportunities I write about, allowing myself to ...

Core Insights - The NIFTY 50 Index has increased by over +10% year-over-year, while the Invesco India ETF (PIN) has underperformed, declining by -7% in 2025 [1] - The Invesco India ETF has also underperformed compared to the S&P 500 [1] Investment Philosophy - The investment approach focuses on long-term value investing, emphasizing rational decision-making and downside protection [1] - The analysis aims to provide clear, research-based insights to help investors understand valuation, fundamentals, and risk [1]

Group 1 - The Invesco India ETF (NYSEARCA: PIN) aims to provide investors with exposure to quality Indian stocks [1] - The portfolio of the ETF is constructed using the FTSE India Index as a base [1]