Making its debut on 12/19/2005, smart beta exchange traded fund Invesco FTSE RAFI US 1000 ETF (PRF) provides investors broad exposure to the Style Box - Large Cap Value category of the market.
A smart beta exchange traded fund, the Invesco FTSE RAFI US 1000 ETF (PRF) debuted on 12/19/2005, and offers broad exposure to the Style Box - Large Cap Value category of the market.
ETFs with value-oriented approaches struggle to compete with broader market benchmarks due to tech sector dominance. Invesco FTSE RAFI US 1000 ETF follows a fundamental index with lower valuation multiples compared to benchmarks. PRF underperforms due to lower allocation to mega and large caps, and underweight exposure to the technology sector, warranting caution in allocation.