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PDN: Ex-U.S. Cyclical Stocks Offer Compelling Valuations
The Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF is off to a strong start in 2026, building on solid gains over the past year. The robust returns come amid ongoing U.S. dollar weakness and rotation into cheap small- and mid-cap stocks. I estimate that PDN offers a high single-digit total return potential, with a third of the gains potentially coming in the form of dividends.
Seekingalpha | 5 months ago
