PSCT ETF

This monthly report analyzes key industry metrics in the information technology sector. This sector is overvalued by over 32% relative to 11-year averages, with hardware being the most overpriced subsector. PSCT may look as an alternative or complement to large-cap tech ETFs, but performance and risk metrics are underwhelming.

Designed to provide broad exposure to the Technology - Broad segment of the equity market, the Invesco S&P SmallCap Information Technology ETF (PSCT) is a passively managed exchange traded fund launched on 04/07/2010.

Launched on 04/07/2010, the Invesco S&P SmallCap Information Technology ETF (PSCT) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Broad segment of the equity market.

Looking for broad exposure to the Technology - Broad segment of the equity market? You should consider the Invesco S&P SmallCap Information Technology ETF (PSCT), a passively managed exchange traded fund launched on 04/07/2010.

Broad gauges of small-cap stocks aren't impressing on a year-to-date basis. But there are some signs of life.

If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the Invesco S&P SmallCap Information Technology ETF (PSCT), a passively managed exchange traded fund launched on 04/07/2010.

If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the Invesco S&P SmallCap Information Technology ETF (PSCT), a passively managed exchange traded fund launched on 04/07/2010.

PSCT holds 63 small-cap tech stocks with a 7.08% weighted average net income margin. In contrast, XLK, a big-tech S&P 500 fund, has a 24.17% margin, a 17-point difference. Lower profitability is normal with small-cap stocks. However, what's not normal is no growth potential advantage. PSCT actually offers less estimated sales and EBITDA growth than its large-cap peer. PSCT has substantially lagged XLK over the last seven years, and is off by more than 30% in 2023. I expect this underperformance to continue.

Launched on 04/07/2010, the Invesco S&P SmallCap Information Technology ETF (PSCT) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Broad segment of the equity market.