The Invesco Bloomberg Pricing Power ETF (POWA) was launched on 12/15/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.
Designed to provide broad exposure to the Style Box - Large Cap Growth category of the market, the Invesco Bloomberg Pricing Power ETF (POWA) is a smart beta exchange traded fund launched on 12/15/2006.
POWA changed strategies approximately one year ago and now holds 50 U.S. large- and mid-cap securities in equal weight with stable five-year gross profit margins. Given these companies' strong pricing power, the implication is they can perform well in all market environments. My backtest confirmed lower drawdowns are likely vs. the broader market. However, this stability comes at a price. POWA has a 0.40% expense ratio, but more importantly, its 24.39x forward P/E is quite high.
Launched on 12/15/2006, the Invesco Bloomberg Pricing Power ETF (POWA) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
A smart beta exchange traded fund, the Invesco Bloomberg Pricing Power ETF (POWA) debuted on 12/15/2006, and offers broad exposure to the Style Box - Large Cap Growth category of the market.
The Fed opted to maintain its benchmark interest rate within a range of 5.25% to 5.50%, a level it has maintained since July 2023. Market watchers expect a rate cut in September.