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Best and Worst ETFs of 2011

By Ben Steverman - 2011-12-20T03:31:39Z

Photograph by Rajan Chaughule/Bloomberg

20 of 23

PowerShares India Portfolio

Total return: -30.1%

Fund company: Invesco PowerShares Capital Management

Industry focus: Country

Fund ticker/Total assets: PIN, $332 million

Top holdings, with 2011 total return:

Infosys (INFO:IN), -21%

Reliance Industries (RIL:IN), -23%

Oil & Natural Gas (ONGC:IN), -17%

India's currency weakened about 15 percent against the U.S. dollar in 2011, while the nation's central bank raised interest rates to fight inflation.