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Upturn AI SWOT - About
Invesco International Corporate Bond ETF (PICB)
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Upturn Advisory Summary
04/01/2025: 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.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -8.21% | Avg. Invested days 36 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 19496 | Beta 1.47 | 52 Weeks Range 20.83 - 23.17 | Updated Date 04/2/2025 |
52 Weeks Range 20.83 - 23.17 | Updated Date 04/2/2025 |
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 Index, which measures the performance of investment-grade corporate bonds issued in developed countries, excluding the U.S.
Reputation and Reliability
Invesco is a well-established global investment management firm with a long history and a strong reputation in the ETF market.
Management Expertise
Invesco has a dedicated team of fixed-income professionals with extensive experience in managing international bond portfolios.
Investment Objective
Goal
Seeks to track the investment results of the S&P International Corporate Bond Index.
Investment Approach and Strategy
Strategy: PICB tracks the S&P International Corporate Bond Index, a market-weighted index designed to measure the performance of investment-grade corporate bonds issued in developed countries excluding the U.S.
Composition The ETF holds investment-grade corporate bonds from developed countries outside the U.S., providing diversification across issuers and geographies.
Market Position
Market Share: Insufficient data to provide accurate market share.
Total Net Assets (AUM): Unknown
Competitors
Key Competitors
- SPDR Barclays International Corporate Bond ETF (IBND)
- Vanguard Total International Bond ETF (BNDX)
Competitive Landscape
The international corporate bond ETF market is competitive. PICB's competitiveness depends on its tracking accuracy, expense ratio, and liquidity relative to IBND and BNDX. BNDX has the advantage of being the largest. Information is limited, leading to this conclusion.
Financial Performance
Historical Performance: Requires real-time market data to provide accurate historical performance.
Benchmark Comparison: Requires real-time market data to provide accurate benchmark comparison.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
The ETF's liquidity, indicated by average trading volume, shows how easily its shares can be bought or sold without significantly impacting its price.
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 will accept, which is a measure of the cost of trading the ETF.
Market Dynamics
Market Environment Factors
Economic growth in developed countries (excluding the U.S.), interest rate policies of central banks, and credit spreads affect PICB's performance.
Growth Trajectory
Growth depends on the overall health of the international corporate bond market and investor demand for diversification.
Moat and Competitive Advantages
Competitive Edge
PICB offers exposure to investment-grade corporate bonds outside the U.S., providing diversification. Its competitive edge depends on tracking the index closely and maintaining a competitive expense ratio. However, larger funds like IBND and BNDX may have an advantage in liquidity and trading costs. PICB's niche focus on corporate bonds is distinct from BNDX's broader international bond exposure.
Risk Analysis
Volatility
PICB's volatility is related to the interest rate sensitivity of the bonds it holds, as well as credit risk of the corporate issuers.
Market Risk
Market risk is tied to economic conditions in the developed countries where the bonds are issued, and to broader global market sentiment.
Investor Profile
Ideal Investor Profile
Investors seeking diversification in their fixed-income portfolio with exposure to international investment-grade corporate bonds are ideally suited.
Market Risk
Suitable for long-term investors seeking income and diversification, and willing to accept moderate levels of interest rate and credit risk.
Summary
The Invesco International Corporate Bond ETF (PICB) offers targeted exposure to investment-grade corporate bonds issued in developed countries, excluding the U.S. It can be used for portfolio diversification. Its performance is tied to economic conditions and interest rates in those markets. Investors should consider its expense ratio, liquidity, and tracking error. PICB offers a way to enhance risk-adjusted returns when added to a portfolio.
Similar Companies
- IBND
- BNDX
- BWX
Sources and Disclaimers
Data Sources:
- Invesco Official Website
- ETF.com
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
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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