PXE ETF

BOSTON, May 23, 2024 (GLOBE NEWSWIRE) -- Inozyme Pharma, Inc.  (Nasdaq: INZY) (“the Company” or “Inozyme”), a clinical-stage rare disease biopharmaceutical company developing novel therapeutics for the treatment of pathologic mineralization and intimal proliferation, today announced that the Company will present recently announced topline data from the Company's ongoing Phase 1/2 clinical trials of INZ-701 in adults with ENPP1 Deficiency and ABCC6 Deficiency (manifesting as pseudoxanthoma elasticum, or PXE), during oral presentations at two upcoming medical conferences.

Invesco Energy Exploration & Production ETF is a passively managed fund that provides exposure to oil and gas companies. The oil and gas industry faces competing priorities, with demand recovering despite the push for low-carbon energy. PXE's allocation to firms across the market cap spectrum and the high rate of M&A activity in the industry make us like this fund.

Energy, Consumer Non-cyclicals, and Financials sectors earn an Attractive-or-better rating at the beginning of 1Q24. Investors should focus on sector funds in the Energy, Consumer Non-cyclicals, and Financials sectors for quality stocks.

Invesco Energy Exploration & Production ETF provides targeted exposure to the energy exploration and production sector. Top holdings of PXE include Valero Energy, Phillips 66, Marathon Petroleum, Diamondback Energy, and EOG Resources. Compared to other energy ETFs, PXE has outperformed in terms of returns over the past three years, but timing may be challenging.

Oil prices have risen significantly in the last three months, creating a positive outlook for oil stocks. The Invesco Energy Exploration & Production ETF offers a diversified portfolio of oil producers and refiners. PXE's portfolio construction approach minimizes risk from concentration in individual stocks & gives investors access to attractively valued oil stocks.

PXE focuses on a limited number of stocks in the energy exploration and production (E&P) industry. PXE's tightly constructed, high-yield E&P portfolio should outperform more popular energy index ETFs in the coming years.