PIO
Invesco Global Water ETFPIO Fund Description
PIO tracks a liquidity-weighted index of global companies that create products to conserve and purify water for homes, businesses, and industries.
PIO Factset Analytics Insight
PIO provides viable exposure to the broader global water market. The fund's (ironically appropriate) liquidity-weighting scheme produces a concentrated portfolio that only loosely resembles our cap-weighted benchmark. PIO is dominated by large- to midcap firms, while the benchmark reaches down to small-caps. Trading PIO in significant retail quantities will take some effort. Daily volume is light, and usually with moderate-to-wide spreads. For block traders, the liquidity focus helps mitigate the potential for price impact on creates/redeems, but doesn’t eliminate it. The fund has a history of small, persistent premiums and discounts. PIO charges a stiff fee for its niche exposure, and tracking can be a little wobbly, but overall it delivers its exposure well.
PIO MSCI ESG Analytics Insight
Invesco Global Water ETF has an MSCI ESG Fund Rating of AA based on a score of 7.25 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 Global Water ETF ranks in the 89th percentile within its peer group and in the 97th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PIO 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.
PIO Charts And Performance
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PIO Portfolio Data
PIO Portfolio Management
PIO Tax Exposures
PIO Fund Structure
PIO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PIO. PIO is rated a 4 out of 5.
PIO Tradability
PIO Sector/Industry Breakdown
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PIO Top 10 Holdings[View All]
PIO Countries
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PIO Economic Development
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PIO Performance Statistics
PIO MSCI ESG Ratings
PIO Benchmark Comparison Summary
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PIO Benchmark Comparison Market Cap Size
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