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International ETF Spikes 96% by Ignoring Market Prices | PXF
Yahoo Finance· 2026-01-28 23:28
Quick Read Invesco RAFI Developed Markets ex-U.S. ETF (PXF) returned 96% over five years and 48% over the past year. PXF distributed $2.38 per share in 2025, up 43% from $1.66 the prior year. PXF holds Shell and TotalEnergies at 3% combined due to their dividend-rich business models. Investors rethink ‘hands off’ investing and decide to start making real money For investors seeking international developed market exposure without traditional market-cap weighting, Invesco RAFI Developed Markets ex- ...
Invesco’s 1,500 Stock ETF Gained 227% While Everyone Forgot About Small Caps
Yahoo Finance· 2026-01-24 23:07
Quick Read Invesco RAFI Small-Mid ETF (PRFZ) weights companies by cash flow and sales rather than market capitalization across 1,500 stocks. PRFZ gained 227% over ten years and significantly outperformed the Russell 2000 benchmark. The fund returned 14.4% over the past year but slightly trailed the Russell 2000 as momentum stocks dominated. Investors rethink ‘hands off’ investing and decide to start making real money When small-cap stocks underperform for years, investors often forget they exist ...
Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF US) - Portfolio Construction Methodology
ETF Strategy· 2026-01-20 00:11
指数编制方法 - 该ETF跟踪RAFI基本面精选发达市场(美国除外)1000指数,该指数构建了一个基本面加权的发达市场(美国除外)股票组合,依据“基本面规模”选取前1000家公司 [1] - 基本面规模由四项调整后的指标综合计算得出:调整后销售额、调整后现金流、股息加净回购、账面价值加无形资产,每项指标经过标准化、平均化和自由流通调整后形成排名与目标权重 [1] - 成分股必须满足可投资性和流动性筛选标准,流动性限制设定了流动性敏感比率上限为4,以防止在交易稀薄股票上权重过高,并应用了最低8/12/16周平均日交易量门槛 [1] - 在筛选临界点周围设置了100个排名的缓冲带,以减少指数重构时的换手率 [1] - 指数每年重构一次,并通过分阶段的季度再平衡将权重向目标调整,同时进行持续的公司行为维护,权重反映的是经自由流通调整的基本面规模,而非市场价格 [1] 产品与数据 - 可通过指定的ETF分析平台获取更深入的机构级洞察,包括业绩与风险指标、相关性、敏感性和因子暴露等数据 [2]