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AVGOP - Invesco Dynamic Semiconductor ETF: Although Long-Term Growth Outlook Is Positive Near-Term Uncertainty Is High
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock Series A
ETF Overview
Invesco Dynamic Semiconductors ETF (PSI) owns a portfolio of large-cap semiconductor stocks. The fund seeks to track the investment results of the Dynamic Semiconductor Intellidex Index. Stocks in PSI’s portfolio should continue to enjoy favorable industry fundamental as the semiconductor industry is set to grow at a rate of 7.67% annually through 2024. These stocks are now undervalued against their historical averages. Given the possibility of lowering demand for semiconductor products due to the outbreak of COVID-19, we think the visibility is still limited. Therefore, investors may want to wait on