PFIInvesco DWA Financial Momentum ETF
PFI Fund Description
PFI tracks an index of U.S. financial firms selected and weighted by price momentum.
PFI Factset Analytics Insight
PFI changed its tune in February 2014 but continues to provide an alternate take on US financial firms. The old version of the fund used a multi-factor selection method coupled with a tiered equal-weighting scheme that produced a vastly different portfolio than our neutral benchmark. The new incarnation follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. Index selection begins by creating a momentum score for each eligible stock in the financial sector. The score is based on both intermediate and long-term price movements compared to other stocks in the space. The top, at least 30 stocks, with the highest momentum scores are selected for index inclusion. Companies in the financial sector including banking, investment services, insurance and real estate finance services. The fund uses a full replication indexing strategy, meaning PFI will generally invest in all of the stocks of the underlying index and in proportion to the weightings. The fund is reconstituted and rebalanced quarterly.
PFI Summary Data
PFI Portfolio Data
PFI Index Data
PFI Portfolio Management
PFI Tax Exposures
PFI Fund Structure
PFI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PFI. PFI is rated a 5 out of 5.
PFI Sector/Industry Breakdown
PFI Top 10 Holdings[View All]
PFI Economic Development
PFI Performance Statistics
PFI Benchmark Comparison Summary
PFI Benchmark Comparison Market Cap Size