PDN: Ex-U.S. Cyclical Stocks Offer Compelling Valuations
Source: SeekingAlpha
2026-01-27 03:30:43 ET
Introduction
The Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF ( PDN ) is off to a solid start in 2026, outperforming the Vanguard S&P 500 ETF ( VOO ). I believe key driving factors behind the robust recent returns have been rotation into smaller-cap stocks, which offer more compelling valuations (as opposed to the rich valuations of megacaps, which dominate the S&P 500), as well as a continuation of U.S. dollar weakness, which benefits ETFs that invest exclusively outside the United States....
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PDN: Ex-U.S. Cyclical Stocks Offer Compelling Valuations
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid
NASDAQ: PDN
PDN Trading
-1.34% G/L:
$43.3006 Last:
12,441 Volume:
$43.74 Open:
