PIEInvesco DWA Emerging Markets Momentum ETF
PIE Fund Description
PIE tracks an index of stocks in emerging markets that show high relative strength characteristics.
PIE Factset Analytics Insight
PIE aims to find winning stocks in emerging markets using a Dorsey Wright technical analysis index that relies on trends in relative price. The fund holds a small basket of about 100 names and tends to favor smaller firms, resulting in a far lower average market cap than our benchmark. PIE makes no effort at marketlike sector coverage, so it's liable to make heavy sector bets relative to the benchmark, and those bets are likely to change over time. This strategy has paid off at times, but it's also suffered slumps where it generated no significant alpha. The underlying index is computed using the net return, which withholds applicable taxes for non-resident investors. The index and fund are reconstituted and rebalanced quarterly.
PIE MSCI ESG Analytics Insight
Invesco DWA Emerging Markets Momentum ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.41 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 Emerging Markets Momentum ETF ranks in the 15th percentile within its peer group and in the 11st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PIE 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.
PIE Summary Data
PIE Portfolio Data
PIE Index Data
PIE Portfolio Management
PIE Tax Exposures
PIE Fund Structure
PIE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PIE. PIE is rated a 5 out of 5.
PIE Sector/Industry Breakdown
PIE Top 10 Holdings[View All]
PIE Economic Development
PIE Performance Statistics
PIE MSCI ESG Ratings
PIE Benchmark Comparison Summary
PIE Benchmark Comparison Market Cap Size