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Upturn AI SWOT - About
Invesco International Corporate Bond ETF (PICB)
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Upturn Advisory Summary
10/02/2025: PICB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 9.02% | Avg. Invested days 54 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/02/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.46 | 52 Weeks Range 20.67 - 24.12 | Updated Date 06/29/2025 |
52 Weeks Range 20.67 - 24.12 | Updated Date 06/29/2025 |
Upturn AI SWOT
Invesco International Corporate Bond ETF
ETF Overview
Overview
The Invesco International Corporate Bond ETF (PICB) seeks to track the investment results of the S&P International Corporate Bond Ex-US Index, which measures the performance of investment-grade corporate bonds issued in developed countries outside the U.S.
Reputation and Reliability
Invesco is a well-established global investment management firm with a long history and strong reputation in the ETF market.
Management Expertise
Invesco has a dedicated team of experienced professionals specializing in fixed income investing and ETF management.
Investment Objective
Goal
To track the investment results of the S&P International Corporate Bond Ex-US Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, seeking to replicate the performance of the underlying index.
Composition The ETF holds investment-grade corporate bonds issued in developed countries outside the U.S.
Market Position
Market Share: Market share data is difficult to obtain with precision for this specific niche. General international corporate bond ETF market share data is often aggregated across multiple funds.
Total Net Assets (AUM): 195400000
Competitors
Key Competitors
- SPDR Bloomberg Barclays International Corporate Bond ETF (IBND)
Competitive Landscape
The international corporate bond ETF market is competitive, with several providers offering similar exposure. PICB's success depends on its tracking accuracy, expense ratio, and trading liquidity. IBND is a major competitor. Market share data is not readily available and varies considerably.
Financial Performance
Historical Performance: Historical performance data requires live market data; refer to financial websites for performance charts.
Benchmark Comparison: The ETF's performance should closely track the S&P International Corporate Bond Ex-US Index.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
The average trading volume affects the ease with which investors can buy or sell shares.
Bid-Ask Spread
The bid-ask spread is usually very competitive, but it can widen during periods of market stress.
Market Dynamics
Market Environment Factors
Economic growth in developed countries outside the U.S., interest rate movements, and credit spreads influence the ETF's performance.
Growth Trajectory
Growth is tied to global economic conditions, demand for international corporate debt, and shifts in investor sentiment. There have been no significant shifts in strategy or holdings.
Moat and Competitive Advantages
Competitive Edge
Invesco's brand recognition and distribution network provide a competitive edge. The ETF offers exposure to a diversified portfolio of investment-grade international corporate bonds. The passive management approach aims for cost-effective tracking of the benchmark index. The fundu2019s targeted approach to investment-grade international corporate bonds offers investors portfolio diversification. The reasonable expense ratio improves investorsu2019 returns compared to the competitors.
Risk Analysis
Volatility
Volatility is correlated with the broader fixed income market and credit spreads.
Market Risk
Risks include interest rate risk, credit risk, currency risk, and geopolitical risk in international markets.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking diversification in fixed income and exposure to international corporate bonds, with a moderate risk tolerance.
Market Risk
Suitable for long-term investors and passive index followers.
Summary
The Invesco International Corporate Bond ETF (PICB) provides exposure to investment-grade corporate bonds issued in developed countries outside the U.S. It is passively managed and aims to track the S&P International Corporate Bond Ex-US Index. The ETF's performance is influenced by global economic conditions and interest rate movements. PICB is appropriate for investors seeking international fixed income diversification and willing to accept associated risks. It is suitable for passive, long-term investors with a moderate risk appetite.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Invesco Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a financial professional. Market share data can fluctuate and may not be entirely accurate due to data availability.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco International Corporate Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. The underlying index is composed of investment grade corporate bonds issued by foreign issuers and denominated in the following currencies of Group of Ten countries, excluding the U.S. Dollar (USD): Australian Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), Euro (EUR), Japanese Yen (JPY), New Zealand Dollar (NZD), Norwegian Krone (NOK), Swedish Krona (SEK) and Swiss Franc (SFR).
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