Invesco High Yield Bond Factor ETF (IHYF)
Invesco High Yield Bond Factor ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $22.75, up 0.11% on the session, giving a market capitalisation of $103.4M. Its beta of 0.62 implies it has historically moved less than the broad market.
The Invesco High Yield Bond Factor ETF (IHYF) is an actively managed exchange-traded fund aiming to achieve robust overall returns. It allocates a minimum of 80% of its net assets to high-yield, sub-investment grade fixed-income securities, as well as derivatives and other instruments with comparable economic characteristics. The fund utilizes a factor-driven investment strategy, seeking to outperform its market-weighted benchmark index by systematically targeting securities within that index. These selected securities exhibit quantifiable issuer characteristics, or "factors," that the investment team believes will lead to superior returns compared to other fixed-income options with similar attributes across various market conditions.
Invesco High Yield Bond Factor ETF is most often compared with the following Financial Services names: