(PXF) Invesco FTSE RAFI Developed - Ratings and Ratios

The Invesco FTSE RAFI Developed Markets ex-U.S. ETF is an investment vehicle that tracks the performance of the largest non-U.S. developed market companies, focusing on fundamental measures of company size rather than market capitalization. This approach aims to provide a more balanced representation of the underlying companies economic footprint.

The funds underlying index is constructed using four key metrics: book value plus intangibles, adjusted cash flow, adjusted sales, and dividend plus buybacks. By considering these factors, the index provider seeks to create a more comprehensive picture of a companys size and financial health, potentially leading to a more stable and value-oriented investment portfolio.

Analyzing the funds technical data, we observe a bullish trend, as the last price is above the 20-day and 50-day simple moving averages (SMA20 and SMA50). The Average True Range (ATR) indicates relatively low volatility, suggesting a stable price environment. Given the current price is at its 52-week high, we can anticipate potential resistance at this level. However, if the price consolidates above the SMA20, it may attract further buying interest.

By combining the technical analysis with fundamental data, we note that the funds Assets Under Management (AUM) stand at approximately $2.02 billion. This size provides sufficient liquidity and scale for the fund to operate efficiently. Considering the current market environment and the funds characteristics, we forecast that PXF may continue to perform well in the near term, potentially targeting the $60 level, driven by the ongoing demand for large-cap, non-U.S. developed market companies with strong fundamental profiles.

Investors should be aware that the funds performance is closely tied to the overall health of the global economy and the relative performance of non-U.S. developed markets versus the U.S. market. As such, any significant shifts in global economic trends or currency fluctuations could impact the funds performance.