Invesco Exchange-Traded Fund Trust II - Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

Overview

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) seeks to track the investment results of the S&P MidCap 400 Quality, Value & Momentum Multi-Factor Index. It focuses on mid-cap U.S. equities selected based on quality, value, and momentum factors, aiming for enhanced risk-adjusted returns.

Reputation and Reliability

Invesco is a well-established ETF provider with a strong reputation and extensive experience in managing various investment products.

Management Expertise

Invesco has a team of experienced portfolio managers and analysts with expertise in quantitative investing and factor-based strategies.

Goal

To track the investment results of the S&P MidCap 400 Quality, Value & Momentum Multi-Factor Index.

Investment Approach and Strategy

Strategy: The ETF employs a multi-factor strategy by tracking an index that selects mid-cap stocks based on quality, value, and momentum factors.

Composition The ETF primarily holds stocks of mid-sized U.S. companies, with sector allocations varying based on the index methodology.

Market Share: Data unavailable without real-time market access.

Total Net Assets (AUM): 146500000

Key Competitors

• Vanguard Mid-Cap ETF (VO)
• iShares Core S&P Mid-Cap ETF (IJH)
• SPDR S&P MidCap 400 ETF Trust (MDY)

Competitive Landscape

The ETF industry is highly competitive, with numerous mid-cap ETFs available. QVMM differentiates itself through its multi-factor approach, focusing on quality, value, and momentum. While it offers potential for outperformance, its AUM and trading volume are lower than larger, more established competitors like VO and IJH. Competitors like VO and IJH have much more brand recognition and AUM which gives them advantages like economies of scale and narrower bid-ask spreads.

Historical Performance: Historical performance data is required to accurately assess the ETF's returns over different time periods. Unable to automatically generate and retrieve.

Benchmark Comparison: Comparing QVMM's performance to the S&P MidCap 400 Index would gauge its effectiveness in delivering enhanced returns based on its multi-factor strategy. Unable to automatically generate and retrieve.

Expense Ratio: 0.29

Average Trading Volume

Average trading volume affects how easily investors can buy and sell shares of the ETF and varies depending on market conditions; QVMM's average is typically moderate.

Bid-Ask Spread

The bid-ask spread represents the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, and QVMM's can vary but it is usually reasonable compared to others within the same AUM range.

Market Environment Factors

Economic growth, interest rates, and overall market sentiment can significantly impact the performance of mid-cap stocks held by QVMM.

Growth Trajectory

The growth trajectory of QVMM depends on the continued effectiveness of its multi-factor strategy in selecting and weighting mid-cap stocks and general economic factors.

Competitive Edge

QVMM's competitive edge lies in its multi-factor approach that selects mid-cap stocks based on quality, value, and momentum. This strategy aims to enhance risk-adjusted returns compared to traditional market-cap weighted indices. The fund seeks to capitalize on the potential for outperformance by combining these factors. However, the success of this strategy depends on the continued effectiveness of these factors in the market. Invesco's expertise in factor-based investing also provides a competitive advantage.

Volatility

QVMM's volatility is influenced by the volatility of its underlying mid-cap stock holdings and is expected to be moderate.

Market Risk

The ETF is subject to market risk, which includes the potential for losses due to broad market declines or economic downturns, and specific risks related to the mid-cap sector.

Ideal Investor Profile

QVMM is suited for investors seeking exposure to mid-cap U.S. equities with a focus on quality, value, and momentum factors, and who are comfortable with moderate risk and potentially higher returns.

Market Risk

QVMM is best for long-term investors who seek to enhance their portfolio returns through factor-based investing, rather than short-term active traders.

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is a mid-cap ETF that tracks an index of U.S. equities selected based on quality, value, and momentum factors. It aims to deliver enhanced risk-adjusted returns compared to traditional mid-cap benchmarks. Its success is tied to the continued effectiveness of the combined multi-factor strategy in stock selection. While QVMM has lower AUM than other mid-cap ETFs, Invesco's management expertise provides a competitive advantage. QVMM is suitable for long-term investors seeking factor-based exposure to mid-cap stocks.

Data Sources:

• Invesco Official Website
• ETF.com
• Morningstar

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Market conditions and investment performance are subject to change.