Is Invesco FTSE RAFI Emerging Markets ETF (PXH) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Source: NASDAQ.COM
Invesco FTSE RAFI Emerging Markets ETF Overview: Launched in 2007, the Invesco FTSE RAFI Emerging Markets ETF (PXH) is a smart beta fund that aims to outperform traditional market cap weighted ETFs by using non-cap weighted strategies based on fundamental characteristics. It has over $1.33 billion in assets and an annual operating expense ratio of 0.49%.
Performance and Comparison with Other ETFs: PXH has shown a year-to-date return of approximately 23.85% and a 12-month return of about 34.54%. Investors may also consider lower-cost alternatives like Vanguard FTSE Emerging Markets ETF (VWO) and iShares Core MSCI Emerging Markets ETF (IEMG), which have significantly lower expense ratios.
Analyst Views on VWO
Wall Street analysts forecast VWO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VWO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 56.110
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Current: 56.110
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
