2024-07-17 16:23:32 ET
Summary
- Invesco S&P 500® Pure Value ETF focuses on earning-to-price, book-value-to-price, and sales-to-price metrics for deep value stocks.
- Top holdings include old economy companies like General Motors and Berkshire Hathaway, reflecting undervalued stocks.
- Sector composition is heavily weighted in Financials, with potential for outperformance against the S&P 500 in a value rotation.
I’ve been bullish on value over growth, but value as a style, outside of sector tilts, can be a bit subjective. Everyone has a different definition to some extent, and some ways of categorizing value stocks are better than others. One fund that approaches the value definition uniquely is the Invesco S&P 500® Pure Value ETF (RPV). The approach here scores companies are based on three primary factors: earning-to-price, book-value-to-price, and sales-to-price. The Pure Value in the name of the fund means it’s only focusing on those companies at the deepest end of these metrics....
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For further details see:
RPV: Pure Value But Performs Like Other Non-Pure Value