(PEH) Invesco Markets III - Ratings and Ratios

Invesco Markets III plc - Invesco FTSE RAFI Emerging Markets UCITS ETF (Ticker: PEH) is a European-domiciled ETF listed on Euronext Paris. It tracks the Morningstar EM TME NR USD index, which employs a fundamentals-based approach to select emerging market equities. The fund offers exposure to companies in emerging markets, weighted by fundamental metrics such as revenue, dividends, and book value, rather than market capitalization. This methodology aims to reduce concentration in large-cap stocks and provide diversified exposure to the asset class.

The ETF has an average daily trading volume of 1,201 shares over the past 20 days, indicating moderate liquidity. As of the latest data, the ETF is trading at 8.79 EUR, below its 20-day simple moving average (SMA) of 9.02 but slightly above its 50-day SMA of 8.76. The 200-day SMA stands at 7.96, suggesting the fund is trading above its long-term trend. The Average True Range (ATR) of 0.06 reflects low price volatility over the past period.

The fund manages assets of 47.53 million EUR, positioning it as a mid-sized ETF in the emerging markets equity category. Its tracking error and operational efficiency are supported by Invescos established ETF franchise. Investors seeking systematic, fundamentals-driven exposure to emerging markets may find this ETF suitable for diversification or tactical allocation within a global equity portfolio.

3-Month Forecast - Technical Outlook: The ETF is currently trading below its 20-day SMA, which may signal short-term weakness. However, the 50-day SMA is slightly below the current price, suggesting potential support. The 200-day SMA remains above the current price, indicating an overall uptrend. With an ATR of 0.06, volatility is expected to remain controlled. - Fundamental Outlook: Emerging markets are likely to face headwinds from tighter global monetary policy and slowing economic growth in developed markets. However, the funds fundamentals-based weighting may help mitigate risks associated with market-cap dominated indices. The ETFs moderate AUM and established track record suggest stable operations. - Projection: The ETF is expected to trade sideways with a mild upside bias, supported by its long-term uptrend. Short-term price action may remain range-bound between 8.50 and 9.20 EUR, depending on broader market conditions.