The Invesco Building & Construction ETF (PKB) made its debut on 10/26/2005, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market.
Launched on October 26, 2005, the Invesco Building & Construction ETF (PKB) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Engineering and Construction segment of the equity market.
PKB which leverages proprietary screeners to pick 30 building and construction stocks from the US is currently outperforming the key US indices by 10% on a YTD basis. The Intellidex methodology gauges price, earnings, quality, management actions, and value before arriving at a consummate score that is used to build the portfolio. PKB faces some structural drawbacks such as high churn, wide bid-asks, a concerning volatility profile, and an unappealing income profile.
PKB aims to offer exposure to firms operating in the construction sector, and has a reasonable track record, though not as strong as the S&P 500. My main concern with PKB is its quant-based equity selection, which results in a high level of concentration, some strange holdings and some absent mega-cap household names. PKB's investment case seems to be also weakened by negligible income, high fees and a high earnings multiple.
Making its debut on 10/26/2005, smart beta exchange traded fund Invesco Building & Construction ETF (PKB) provides investors broad exposure to the Industrials ETFs category of the market.
Launched on 10/26/2005, the Invesco Building & Construction ETF (PKB) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Engineering and Construction segment of the equity market.
A smart beta exchange traded fund, the Invesco Building & Construction ETF (PKB) debuted on 10/26/2005, and offers broad exposure to the Industrials ETFs category of the market.
The Invesco Building & Construction ETF (PKB) was launched on 10/26/2005, and is a passively managed exchange traded fund designed to offer broad exposure to the Industrials - Engineering and Construction segment of the equity market.
Invesco Building & Construction ETF warrants a hold rating due to its high valuation, high expense ratio, and low dividend yield compared to peers. PKB captures a diversified mix of construction companies but has a high P/E and P/B ratio, making it less attractive. Key holdings like Martin Marietta and Trane Technologies have strong growth prospects but are currently overvalued.
The Invesco Building & Construction ETF (PKB) made its debut on 10/26/2005, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market.
Launched on 10/26/2005, the Invesco Building & Construction ETF (PKB) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Engineering and Construction segment of the equity market.
Designed to provide broad exposure to the Industrials ETFs category of the market, the Invesco Building & Construction ETF (PKB) is a smart beta exchange traded fund launched on 10/26/2005.