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Invesco Growth Multi-Asset Allocation ETF

PSMG
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 23 2017
Expense Ratio
0.31%
Type
Global Diversified
Fund Owner
Invesco
Volume (1m avg. daily)
$189,461
AUM
$27,127,748
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
16.10%
RPG
Invesco Capital Management LLC - Invesco S&P 500 Pure Growth ETF
14.90%
AGPXX
Invesco Government & Agency Portfolio
12.26%
OMFL
Invesco Capital Management LLC - Invesco Russell 1000 Dynamic Multifactor ETF
11.49%
PLW
Invesco Capital Management LLC - Invesco 1-30 Laddered Treasury ETF
9.43%
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility ETF
8.86%
IDLV
Invesco Capital Management LLC - Invesco S&P International Developed Low Volatility ETF
5.91%
EELV
Invesco Capital Management LLC - Invesco S&P Emerging Markets Low Volatility ETF
3.94%
XMLV
Invesco Capital Management LLC - Invesco S&P MidCap Low Volatility ETF
3.42%
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
2.46%
Invest with PSMG

What is PSMG?

The Invesco Growth Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks to provide long-term capital appreciation by allocating through a growth investment style that seeks to maximize diversification potential. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other exchange-traded funds, rather than in securities of individual companies. The Funds target allocation of total assets: 60% to 80% in equity ETFs, 20% to 40% in fixed income ETFs and 20% to 30% in underlying ETFs that invest in foreign stocks and bonds as well as American depositary receipts (ADRs) and global depositary receipts (GDRs). Invesco Advisers Inc., the sub-adviser to the Fund (Sub-Adviser), selects investments based on quantitative and qualitative criteria to strategically allocate across broad asset classes and factors within those classes.

ETFs related toPSMG

ETFs correlated to PSMG include VT, AOA, JHML

PSMG
Invesco Capital Management LLC - Invesco Growth Multi-Asset Allocation ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PSMG is a Global Diversified ETF. The Invesco Growth Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks to provide long-term capital appreciation by allocating through a growth investment style that seeks to maximize diversification potential. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other exchange-traded funds, rather than in securities of individual companies. The Funds target allocation of total assets: 60% to 80% in equity ETFs, 20% to 40% in fixed income ETFs and 20% to 30% in underlying ETFs that invest in foreign stocks and bonds as well as American depositary receipts (ADRs) and global depositary receipts (GDRs). Invesco Advisers Inc., the sub-adviser to the Fund (Sub-Adviser), selects investments based on quantitative and qualitative criteria to strategically allocate across broad asset classes and factors within those classes.

Yes, PSMG is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PSMG is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PSMG is -0.0018%. This is the percent change in the value of PSMG over the most recent 1-month period. The 3-month return on PSMG is 0.0261%. This is the percent change in the value of PSMG over the most recent 3-month period.

The standard deviation of PSMG for the past year is 0.1668%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PSMG include AMJ, FPE, and PFF.

ETFs correlated to PSMG include VT, AOA, and JHML.

ETFs that are inversely correlated to PSMG include SPDN, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.