Invesco International Corporate Bond ETF (PICB)
Market Closed
17 Jul, 20:00
ARCA ARCA Primary 
XBER $
23. 10
0
0%
$
349.74M Market Cap
0.23% Div Yield
81,800 Volume
$ 23.1
Previous Close 
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PICB: A Currency Hedge For Americans More Than Anything Else
Invesco International Corporate Bond ETF is designed as a hedge or diversification tool for US dollar-based investors, offering exposure to non-USD investment-grade bonds. The fund's primary risk and return driver is the US dollar's value vs. G10 currencies, not just bond yields or credit risk. PICB has underperformed over the past decade, but its purpose is to protect against USD weakness, not to outperform in all conditions.
Seekingalpha | 1 year ago
