PRF - PRF: Low Valuations But Performance Not As Attractive For This Value ETF
2024-06-12 03:02:42 ET
Summary
- 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.
There is no question that ETFs with value-oriented approaches have struggled to compete with broader market benchmarks, such as the Russel 1000 and S&P 500 indexes, as mega-caps, mostly from the technology sector, have led the stock market for quite some time....
PRF: Low Valuations, But Performance Not As Attractive For This Value ETF