PYZ
Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Basic Materials Momentum ETF
📎 Investment Objective
The Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) seeks to track the investment results of an index that is designed to provide exposure to basic materials companies exhibiting strong relative strength or 'momentum'.
Overview
ETF tracking Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Basic Materials Momentum ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) seeks to track the investment results of an index that is designed to provide exposure to basic materials companies exhibiting strong relative strength or 'momentum'.
🎯 Investment Strategy
The fund generally invests at least 90% of its total assets in the securities that comprise the Dorsey Wright Basic Materials Technical Leaders Index. The index uses a rules-based methodology to identify basic materials companies with strong relative strength characteristics.
✨ Key Features
- Focuses on basic materials sector, which includes companies involved in the discovery, development, and processing of raw materials
- Utilizes a momentum-based investment approach to target companies exhibiting strong relative price performance
- Passively managed to track the performance of the underlying index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Sector concentration risk as the fund is focused solely on the basic materials sector
- Momentum investing risk as the strategy may underperform during periods when momentum is not a successful investment approach
- Tracking error risk as the fund may not perfectly replicate the performance of the underlying index
- Market risk as the value of the fund's holdings may decline due to general market and economic conditions
👤 Best For
This ETF may be suitable for investors seeking exposure to the basic materials sector with a focus on companies exhibiting strong relative price momentum. It may be appropriate as a satellite holding within a diversified portfolio, but investors should be aware of the increased sector concentration and momentum-based risks.