It's not the most popular index fund, but maybe it should be in light of the balance it offers.If you're a fan of exchange-traded funds, then you're also likely a fan of index investing. Most ETFs are built to reflect the performance of an index like the S&P 500, after all. Indeed, the world's most-owned exchange-traded fund is the SPDR S&P 500 ETF Trust meant to mirror the world's best-known market barometer.What if, however, you're indexing wrong?The question seems crazy at first. Index investing is the o ...

Core Insights - The Invesco Bloomberg Pricing Power ETF (POWA) is designed to provide broad exposure to the Style Box - Large Cap Growth category and was launched on December 15, 2006 [1] Fund Overview - POWA is managed by Invesco and has accumulated assets exceeding $201.98 million, positioning it as an average-sized ETF in its category [4] - The fund aims to match the performance of the Bloomberg Pricing Power Index, which includes U.S. large and mid-cap companies with stable profit margins [4] Cost Structure - POWA has an annual operating expense ratio of 0.40%, which is competitive within its peer group [5] - The fund offers a 12-month trailing dividend yield of 1.40% [5] Sector Allocation and Holdings - The largest sector allocation for POWA is in Industrials, comprising approximately 29.40% of the portfolio, followed by Healthcare and Information Technology [6] - Iron Mountain Inc (IRM) is the largest individual holding at about 2.60%, with Lockheed Martin Corp (LMT) and Best Buy Co Inc (BBY) also among the top holdings [6] - The top 10 holdings represent around 22.4% of the total assets under management [6] Performance Metrics - As of September 13, 2024, POWA has gained approximately 13.94% year-to-date and 24.16% over the past year [7] - The fund has traded between $63.22 and $83.14 in the last 52 weeks [7] - POWA has a beta of 0.86 and a standard deviation of 11.20% over the trailing three-year period, indicating more concentrated exposure compared to peers [7] Alternatives - Other ETFs in the Style Box - Large Cap Growth segment include Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ), with VUG having $136.02 billion in assets and QQQ at $283.80 billion [8] - VUG has a lower expense ratio of 0.04%, while QQQ charges 0.20% [8]

Group 1: Invesco's AUM Performance - Invesco's preliminary assets under management (AUM) for August 2024 reached $1.75 trillion, reflecting a 1.1% increase from the previous month [1] - The company reported net long-term inflows of $2.4 billion in August, with non-management fee-earning net inflows of $0.9 billion and money market net outflows of $6.4 billion [1] - Solid market returns contributed $16 billion to AUM, while foreign exchange (FX) effects added $7.3 billion [1] - The average total AUM for the quarter through August 31 was $1.73 trillion, with average active AUM at $1 trillion [1] Group 2: AUM Breakdown by Asset Class - AUM under ETFs & Index Strategies was $444.2 billion, up 2.9% from the previous month [2] - Fundamental Fixed Income AUM grew 2.1% to $284.6 billion, while Fundamental Equities AUM increased 1.1% to $275.2 billion [2] - Private Markets AUM rose slightly to $129.6 billion, and Multi-Asset/Other AUM increased 2.1% to $62.8 billion [2] - Global Liquidity AUM decreased by 4% to $159.5 billion, while QQQs AUM rose 1.2% to $285 billion [2] Group 3: Market Context and Company Outlook - Macroeconomic headwinds are causing volatility in asset flows, which may impact Invesco's top line in the near term [3] - The company benefits from synergies from buyouts, diverse product offerings, alternative investment strategies, and a solid AUM balance [3] - In the past three months, Invesco's shares have increased by 6.5%, outperforming the industry average of 3.8% [3] Group 4: Competitive Landscape - Cohen & Steers, Inc. reported a preliminary AUM of $88.1 billion, a 4.1% increase from the prior month, driven by market appreciation and net inflows [5] - Franklin Resources, Inc. reported a preliminary month-end AUM of $1.68 trillion, marking a 1.1% rise, influenced by favorable markets but partially offset by long-term net outflows [5]

ATLANTA, Sept. 11, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,751.8 billion, an increase of 1.1% versus previous month-end. The firm delivered net long-term inflows of $2.4 billion in the month. Non-management fee earning net inflows were $0.9 billion and money market net outflows were $6.4 billion. AUM was positively impacted by favorable market returns which increased AUM by $16 billion. FX increased AUM by $7.3 billion. Prelimina ...

It's in the name -- equal weight -- but investors don't usually recognize just how powerful that subtle change can be.There's a "strange" thing going on in the broader market today, with a small number of large stocks (particularly Nvidia) largely driving market returns. That's left the Invesco S&P 500 Equal Weight ETF (RSP -1.07%) trailing the market cap weighted SPDR S&P 500 ETF (SPY -1.68%). That's not an indictment of the Invesco S&P 500 Equal Weight ETF, however. It's an indication of just how importan ...

ATLANTA, Sept. 3, 2024 /PRNewswire/ --Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today that, on August 29, 2024, shareholders of each of the following Invesco closed-end funds (collectively, the "Funds") approved amendments to the Funds' fundamental investment restrictions required by federal securities laws and the removal of certain non-standard fundamental investment restrictions not required by federal securities laws: Fund Name Ticker Invesco Advantage Municipal Income ...

The Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) made its debut on 10/11/2007, and is a smart beta exchange traded fund that provides broad exposure to the Government Bond ETFs category of the market.What Are Smart Beta ETFs?For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.A good option for investors who believe in market efficiency, market cap weighted ...

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service also includes Zacks Style Scores, which are designed to help investors identify stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each providing insights based on different investment strategies [2][3][4] - The Value Score focuses on identifying undervalued stocks using various financial ratios, while the Growth Score assesses a company's financial health and future growth potential [2][3] - The Momentum Score capitalizes on price trends and earnings outlook changes, helping investors identify optimal entry points for high-momentum stocks [3] Group 3: Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - To maximize returns, investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B, as this combination indicates a higher probability of success [6] Group 4: Company Spotlight - Invesco Ltd. - Invesco Ltd., headquartered in Atlanta, GA, is an independent investment manager with a history dating back to 1935, managing assets worth $1.72 trillion as of June 30, 2024 [7] - Currently rated 3 (Hold) on the Zacks Rank, Invesco has a VGM Score of A and a Value Style Score of A, supported by a forward P/E ratio of 10.24, making it attractive for value investors [7] - Recent analyst revisions have positively impacted Invesco's earnings estimates for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.01 to $1.65 per share, alongside an average earnings surprise of 1.9% [7]

Core Insights - The Nasdaq has been a significant driver of stock market returns, with the Nasdaq Composite index achieving annualized returns exceeding 16% over the past decade, outperforming the S&P 500 [1] Group 1: ETF Overview - The Invesco QQQ ETF tracks the Nasdaq 100 index, which includes the 100 largest non-financial companies listed on the Nasdaq, while the Fidelity Nasdaq Composite Index ETF tracks the broader Nasdaq Composite, which contains over 1,000 stocks without sector exclusions [2] - Both ETFs are weighted indices, meaning larger components represent a greater proportion of the fund's assets, and they share identical top 10 holdings [2] Group 2: Expense Ratios - The Invesco QQQ ETF has an expense ratio of 0.20%, while the Fidelity ETF has a slightly higher expense ratio of 0.21%, indicating both are low-cost options for Nasdaq exposure [3] Group 3: Performance Comparison - Over various time periods, the Invesco QQQ ETF has shown a slight performance edge compared to the Fidelity ETF, particularly during times when large-cap tech stocks perform well [4] - Performance data shows that over 1 year, Invesco QQQ ETF returned 31.4% compared to Fidelity's 31.7%, over 5 years it returned 166% versus 137%, over 10 years it returned 418% versus 340%, and over 15 years it returned 1,240% versus 916% [5] Group 4: Investment Considerations - Both index funds are considered suitable long-term holds, with arguments supporting either fund based on investor preferences for exposure to smaller Nasdaq stocks or larger mega-cap stocks [6][7]

This booming ETF has produced impressive results for investors in the past five years.The S&P 500 deservedly gets a lot of attention from the investment community, as it includes 500 of the largest and most profitable companies based in the U.S. But it's the Invesco QQQ Trust (QQQ -0.56%) that has performed significantly better for investors.This exchange-traded fund (ETF) needs to be on your radar, particularly if you're trying to supercharge your investment returns. Is the Invesco QQQ Trust a millionaire- ...