5 min readBy Ron Koren ETF Insider
How does the PKB ETF work?
The PKB ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
The Invesco Dynamic Building & Construction ETF (PKB) is managed by Invesco, a leading global investment management firm with a strong reputation for providing a wide range of investment solutions. Established in 2006, PKB aims to track the ICE Data Indices, LLC's Dynamic Building & Construction Intellidex Index, which is comprised of U.S. building and construction companies engaged in various aspects of the industry, from residential and commercial building to infrastructure projects and manufacturing of construction materials and machinery. With a focus on capturing the potential growth within the building and construction sector, PKB offers investors exposure to this specialized industry.
The Invesco Dynamic Building & Construction ETF (PKB) primarily focuses on investments in the building and construction sector, with a commitment to maintaining at least 90% of its assets in securities that constitute the Underlying Index. This index is composed of common stocks from U.S. building and construction companies involved in various aspects of construction and infrastructure development. As of June 30, 2023, the Underlying Index included 30 constituents with varying market capitalizations.
The Invesco Dynamic Building & Construction ETF (PKB) is designed to track the performance of U.S. building and construction companies. PKB invests at least 90% of its total assets in securities that comprise the Underlying Index, which is maintained by ICE Data Indices, LLC. This index includes common stocks of companies primarily engaged in construction services for residential, commercial, industrial buildings, and large-scale infrastructure projects. PKB employs a full replication methodology to closely match the composition of the Underlying Index, providing investors with exposure to the building and construction industry. As of June 30, 2023, the Underlying Index consisted of 30 constituents, with market capitalizations ranging from $809 million to $43 billion, making PKB a preferred choice for those seeking targeted exposure to this sector. Please note that the Fund may concentrate its investments in the building and construction industry, but its holdings may evolve over time.
The correlation aspect of the Invesco Dynamic Building & Construction ETF (PKB) is primarily tied to the performance of the U.S. building and construction sector. Given that PKB tracks an index composed of common stocks of companies in this industry, its correlation with the sector is expected to be significant. Investors often look to PKB's correlation with other asset classes and economic indicators to gauge the health of the construction industry and make informed investment decisions.
The Invesco Dynamic Building &Construction ETF (PKB) primarily focuses on the building and construction sector. This ETF invests at least 90% of its total assets in securities from the Underlying Index, which is composed of common stocks of U.S. building and construction companies. These companies are involved in various construction and engineering services, including residential and commercial property development, infrastructure projects such as highways and airports, and manufacturing of building materials and machinery. As of June 30, 2023, the Underlying Index consisted of 30 constituents, and the ETF employs a full replication strategy to track this index. Investors in PKB can gain exposure to the growth potential of the building and construction industry, but it's important to note that the ETF may have concentrated exposure to this sector, potentially leading to higher risk levels.
The Invesco Dynamic Building &Construction ETF (PKB) focuses its exposure on the building and construction sector of the U.S. equity market. This ETF seeks to replicate the performance of the ICE Data Dynamic Building &Construction Intellidex Index, which consists of common stocks from U.S. companies primarily engaged in construction services, engineering, and building materials manufacturing. With a portfolio of 30 constituents ranging in market capitalization from $809 million to $43 billion as of June 30, 2023, PKB provides investors with a concentrated approach to this specific industry, offering opportunities for those interested in the building and construction sector. For a more comprehensive understanding of PKB's exposure and correlations with other assets, ETF Insider's web app offers valuable insights and visualizations to help investors make informed decisions.
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