PSCI News and Press, PowerShares S&P SmallCap Industrials Portfolio From 09/11/21

Small-cap stocks closed out another week of underperformance. The Russell 2000 (RTY) (NYSEARCA:IWM) lost 2.8% on the week. The S&P 500 (SP500) (NYSEARCA:SPY) fell 1.7%, the Dow (DJI) (NYSEARCA:DIA) closed down 2.2%, the Nasdaq (COMP.IND) was off 1.6%, and the Nasd...

We’ve seen economic data in recent months moderate after record growth in the first half of 2021. In financials, the rise of many fintech companies and the growth of digital payments has really disrupted the traditional banking industry, creating new options for consumers. ...

The confluence of the strong economic cycle and what we expect will be a step up in capital investment spending suggests a portfolio focus on industrials. We believe favorable market structures exist in areas as diverse as North American rails, aircraft production, airlines, HVAC manu...

Invesco SmallCap Industrials ETF (PSCI) - $0.0855.30-Day SEC Yield of 0.39% as of June 18.Payable Jun 30; for shareholders of record Jun 22; ex-div Jun 21. For further details see: Invesco SmallCap Industrials ETF declares quarterly distribution of $0.0855

With greater clarity on the sustainability of the economic recovery, we also saw the opportunity set across markets broaden to include sectors beyond those seen as the primary beneficiaries of an economic reopening. As expected, the recovery hasn't been smooth sailing for all, with su...

Industrial production rose 1.4 percent in March, partially reversing the weather-related drop of 2.6 percent in February. High-tech industries output rose 1.8 percent in March and is up 7.7 percent versus a year ago. March data on industrial output shows a rebound from the Februar...

The expected 21Q1 earnings growth rate is currently 24.2%, which has increased from 16.0% at the beginning of the year. All but two sectors have seen positive revisions to 21Q1 growth expectations since the beginning of the year. In 2021, we expect to see a year of high expectatio...

Manufacturing and housing sectors turned white hot this month, with both construction spending and ISM manufacturing data at levels not seen in years. The overall ISM manufacturing reading rose from 58.7 to 60.8, tying the highest reading since the Great Recession, and indeed since 20...

U.S. Manufacturing The COVID-19 pandemic damaged the U.S. economy, but as states and businesses have reopened, this has resulted in the economy bouncing back. The PMI came in at a reading of 52.6 in June 2020. This was much better than May’s reading of 43.5. After large contraction ...

In each of the past three calendar years, small cap stocks in the U.S. have lagged their large cap counterparts by roughly 6-7% per year. This trend accelerated even more dramatically in the first quarter of 2020 as small caps underperformed large caps by over 10%-a magnitude larger than any q...