PIZ
Invesco DWA Developed Markets Momentum ETFPIZ Fund Description
PIZ tracks an index of stocks in developed markets outside the U.S. that exhibit high relative strength characteristics.
PIZ Factset Analytics Insight
Alpha-seeking PIZ searches for outperformance in developed markets outside the US based on a trend-following index from Dorsey Wright. The index picks about 100 stocks from thousands in its attempt to beat the market, which is why many names that dominate our benchmark aren't included in the basket. PIZ favors midcap stocks, which account for more than twice their benchmark weight, and the fund makes many sector bets that are liable to change quite a bit over time, though it does tend to consistently underweight financials. While PIZ may not succeed in delivering outperformance, it's also less volatile than some alpha-seekers. PIZ has decent liquidity, with sizeable daily volume and moderate spreads. Its liquid basket also allows for straightforward block execution. Holding costs may be an issue, however, as PIZ charges a high fee and tends to lag its index by even more than its expense ratio, which creates a headwind for investors seeking to get better-than-average returns.
PIZ MSCI ESG Analytics Insight
Invesco DWA Developed Markets Momentum ETF has an MSCI ESG Fund Rating of A based on a score of 6.51 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 Developed Markets Momentum ETF ranks in the 77th percentile within its peer group and in the 30th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PIZ 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.
PIZ Charts And Performance
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PIZ Summary Data
PIZ Portfolio Data
PIZ Index Data
PIZ Portfolio Management
PIZ Tax Exposures
PIZ Fund Structure
PIZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PIZ. PIZ is rated a 4 out of 5.
PIZ Tradability
PIZ Sector/Industry Breakdown
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PIZ Top 10 Holdings[View All]
PIZ Countries
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PIZ Regions
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PIZ Economic Development
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PIZ Performance Statistics
PIZ MSCI ESG Ratings
PIZ Benchmark Comparison Summary
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PIZ Benchmark Comparison Market Cap Size
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Terms of Use
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.