Matthews India Active ETF INDE
INDE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Four Embarcadero Center, Suite 550 San Francisco CA United States of America 94111
- IPO Date
- Sep 22, 2023
- Website
- matthewsasia.com
- Similar Companies
- Business
- Matthews India Active ETF (INDE) is an actively managed exchange-traded fund that seeks capital appreciation by investing primarily in publicly traded common stocks, preferred stocks, and convertible securities of companies operating in India. The fund employs an unconstrained all-cap strategy with a fundamental bottom-up approach, targeting well-run entrepreneurial companies exhibiting sustainable competitive edges, pricing power, organic growth, and trustworthy management, with a bias toward businesses serving rising domestic consumer demand and policy-independent sectors; it benchmarks performance against the S&P Bombay Stock Exchange 100 Index and MSCI India Index. Top holdings as of recent data include HDFC Bank Ltd. (8.3%), Eternal Ltd. (approximately 7%), ICICI Bank Ltd. (6%), Swiggy Ltd., Bajaj Finance Ltd., and others across financials, consumer discretionary, and diversified sectors, with approximately 66-73 holdings. Launched on September 22, 2023, and issued by Matthews International Capital Management, LLC, the ETF operates in the emerging markets equity segment, focusing on India's growth-oriented total market with an expense ratio of 0.79% and assets under management around $9-14 million as of late 2025. Headquartered in the United States, the fund is managed by a team including Sharat Shroff, Inbok Song, Winnie Chwang, and Andrew Mattock, with administration by The Bank of New York Mellon Corporation and custody by Brown Brothers Harriman & Co.. It provides investors exposure to India's diversified sectors, including financials, consumer goods, technology, and industrials, targeting sustainable growth companies across market capitalizations. In recent developments, the ETF was part of Matthews Asia's September 2023 launch of five new active ETFs, including China Active ETF (MCH), Korea Active ETF (MKOR), Japan Active ETF (JPAN), Pacific Tiger Active ETF (ASIA), and Asia Innovators Active ETF (MINV), enhancing customization in emerging markets exposure. Institutional activity has included increased holdings by firms such as Osaic Holdings and Jane Street, alongside new positions by Susquehanna International Group, reflecting growing interest as of late 2025. The fund paid a dividend with an ex-date of December 18, 2024, yielding approximately 0.52-0.56%, amid stable performance with shares trading around $29-31 year-to-date.