Invesco FTSE RAFI Developed Markets ex-U.S. ETF should be a strong value strategy over the long run. This fund uses a fundamental weighting approach to emphasize stocks trading at lower valuations, which can be an advantage when market valuations reach extremes. While there is a cheaper alternative available, Morningstar’s enhanced ratings framework has determined that its low fee is an advantage. The fund earns a Morningstar Analyst Rating upgrade to Silver from Bronze.
Will PXF outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PXF’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PXF management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PXF’s parent organization’s priorities and whether they’re in line with investors’ interests.