SPGP - SPGP: A Mixed Bag With A Higher Risk Profile
2024-03-14 08:43:04 ET
Summary
- Invesco S&P 500 GARP ETF focuses on large-cap stocks with strong growth, quality, and value characteristics.
- The ETF has outperformed the S&P 500 index by 1.21x since its inception and is not top-heavy.
- However, the ETF has a higher risk profile and has not done well during periods of harmful volatility.
- Looking ahead, we touch upon a whole host of themes that could weigh on the ETF's prospects, including its energy sector exposure, valuations, relative strength positioning, and the technicals.
ETF Profile
The Invesco S&P 500 GARP ETF ( SPGP ), a $4.7bn sized product, that has been around for nearly 13 years, offers coverage towards 75 stocks from the S&P 500 that score highly on growth, quality and value thresholds. Put another way, the goal here is to unearth large-caps that exhibit admirable characteristics such as reliable fundamental growth, inexpensive valuations, robust financial profiles, and compelling earnings power....
SPGP: A Mixed Bag With A Higher Risk Profile