Key stats
About Invesco Dorsey Wright Developed Markets Momentum ETF
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Inception date
Dec 28, 2007
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PIZ searches for outperformance in developed markets outside the US based on a trend-following index from Dorsey Wright. In its attempt to beat the market, the fund favors large cap securities, and those eligible for index inclusion are assigned a relative strength score. Approximately 100 of these securities with the greatest scores will form the Underlying Index. Component weights are also based on relative scores, wherein higher scoring-securities receive larger weights. PIZ is also less volatile than some alpha-seekers. Its liquid basket also allows for straightforward block execution. The Fund and the Index are rebalanced and reconstituted quarterly. Prior to August 28, 2023, the fund traded under the name Invesco DWA Developed Markets Momentum ETF.
Classification
What's in the fund
Exposure type
Finance
Producer Manufacturing
Technology Services
Electronic Technology
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.