PFI
Invesco DWA Financial Momentum ETFPFI 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 MSCI ESG Analytics Insight
Invesco DWA Financial Momentum ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.54 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco DWA Financial Momentum ETF ranks in the 13th percentile within its peer group and in the 15th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PFI MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
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 Tradability
PFI Sector/Industry Breakdown
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PFI Top 10 Holdings[View All]
PFI Countries
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PFI Regions
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PFI Economic Development
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PFI Performance Statistics
PFI MSCI ESG Ratings
PFI Benchmark Comparison Summary
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PFI Benchmark Comparison Market Cap Size
PFI
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.