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See exactly how POWA's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for POWA and 80,000+ other tickers.
The Invesco Bloomberg Pricing Power ETF (POWA) aims to track the performance of the Bloomberg Pricing Power Index. To achieve this, the Fund commits at least 80% of its total assets to the securities that comprise its underlying benchmark. The Index itself is designed to identify U.S. large- and mid-capitalization companies believed by the Index Provider to be capable of sustaining consistent profit margins across diverse market conditions. A key criterion for inclusion is a demonstrated history of minimal fluctuations in annual gross profit margins over the preceding five years. Both the Fund and the Index undergo quarterly rebalancing.
The Invesco Bloomberg Pricing Power ETF (POWA) was launched on 12/15/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.
Designed to provide broad exposure to the Style Box - Large Cap Growth category of the market, the Invesco Bloomberg Pricing Power ETF (POWA) is a smart beta exchange traded fund launched on 12/15/2006.
POWA changed strategies approximately one year ago and now holds 50 U.S. large- and mid-cap securities in equal weight with stable five-year gross profit margins. Given these companies' strong pricing power, the implication is they can perform well in all market environments. My backtest confirmed lower drawdowns are likely vs. the broader market. However, this stability comes at a price. POWA has a 0.40% expense ratio, but more importantly, its 24.39x forward P/E is quite high.
Launched on 12/15/2006, the Invesco Bloomberg Pricing Power ETF (POWA) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
Designed to provide broad exposure to the Style Box - Large Cap Growth category of the market, the Invesco Bloomberg Pricing Power ETF (POWA) is a smart beta exchange traded fund launched on 12/15/2006.