PTH
Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF
📎 Investment Objective
The Invesco Dorsey Wright Healthcare Momentum ETF (PTH) seeks to track the investment results of an index that is designed to provide exposure to U.S. healthcare companies that demonstrate strong relative strength or 'momentum'.
Overview
ETF tracking Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco Dorsey Wright Healthcare Momentum ETF (PTH) seeks to track the investment results of an index that is designed to provide exposure to U.S. healthcare companies that demonstrate strong relative strength or 'momentum'.
🎯 Investment Strategy
The fund uses a passive management (or index-tracking) strategy to track the Dorsey Wright Healthcare Technical Leaders Index, which is composed of U.S. healthcare companies that demonstrate above-average relative strength (momentum). The index is reconstituted and rebalanced quarterly.
✨ Key Features
- Focuses on U.S. healthcare companies exhibiting strong price momentum
- Passively tracks an index of healthcare 'momentum' stocks
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on the healthcare sector
- Momentum investing style can underperform in certain market environments
- Lack of diversification compared to a broader healthcare index fund
- Limited track record makes it difficult to evaluate long-term performance
👤 Best For
This ETF may be suitable for investors seeking exposure to the U.S. healthcare sector with a focus on companies demonstrating strong price momentum. However, the fund's limited history means it may carry higher risk than more established healthcare index funds. Investors should carefully consider their investment objectives and risk tolerance before investing.