Street Signs: PSU Bank exchange-traded funds, Yum! Brands stocks, and more

Analysts say Yum!'s - which operates Kentucky Fried Chicken (KFC), Taco Bell, and Pizza Hut food chains - performance has improved, driven by aggressive store expansion vis-a-vis other players

PSU Bank ETFs: Winners too early, losers too long

Exchange-traded funds (ETFs) tracking the public-sector undertaking (PSU) bank index delivered 30 per cent returns in 2022-23 (FY23) — the maximum among all mutual fund schemes. By comparison, the more popular ETFs tracking the benchmark Nifty50 Index fell 0.7 per cent. The performance may be encouraging, but betting on a single sector or theme is fraught with risks. Despite sharp outperformance in FY23, PSU Bank ETFs remain underperformers over 10-year and 15-year periods, delivering annualised returns of just 2.5 per cent and 4.3 per cent, respectively. Only two schemes are in