Invesco’s RAFI ETF Has One of The Best Charts I’ve Seen This Year

Quick Read Invesco RAFI Developed Markets ex-U.S. ETF (PXF) returned 22.4% over the past year. PXF beat iShares EAFE ETF (EFA) and SPDR S&P 500 (SPY). PXF’s fundamental weighting methodology tilted toward value sectors like financials and energy during the international rotation away from expensive growth stocks. Dollar weakness against major currencies provided a tailwind through favorable currency translation for U.S. investors. Investors rethink ‘hands off’ investing and decide to start making re ...