Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL)
PSL: Consumer Staples Dashboard For June
The household products, beverage, and food industries are significantly undervalued versus 11-year averages, while tobacco is overvalued and low quality. Invesco Dorsey Wright Consumer Staples Momentum ETF has outperformed XLP in recent years, but PSL carries higher risk and slightly lower risk-adjusted returns since inception, making it a debatable long-term choice. Three stocks cheaper than their peers in June.
PSL: Momentum-Based Consumer Staples ETF Set To Outperform
PSL currently holds 42 U.S. Consumer Staples stocks selected for their strong intermediate and long-term price movements. Its 0.60% expense ratio is high, as is its 0.10% median bid-ask spread. Another downside is PSL's low $92 million in assets under management. However, even though many have ignored this fund, PSL outperformed XLP since its Index changed in February 2014. While momentum is the focus, PSL also has exceptional earnings momentum, evidenced by its constituents' 11.03% last quarter earnings surprise figure and 6.82/10 EPS Revision Score.
Consumer Staples ETF (PSL) Hits New 52-Week High
For investors seeking momentum, Invesco Dorsey Wright Consumer Staples Momentum ETF PSL is probably on the radar. The fund just hit a 52-week high and is up 26.2% from its 52-week low price of $81.26/share.
