Invesco FTSE RAFI Emerging Markets ETF (PXH US) – Portfolio Construction MethodologyThe underlying RAFI Fundamental Select Emerging Markets 350 Index targets a contrarian, fundamentals-weighted portfolio of large and liquid emerging-markets equities. The universe spans standard EM listings (including ADR/GDR lines) that meet free-float and trading-liquidity thresholds. Securities are ranked on composite “economic size” using four accounting measures—book value, cash flow, sales, and dividends—each scaled an ...