Invesco Balanced Multi-Asset Allocation ETF (PSMB)
Invesco Balanced Multi-Asset Allocation ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $14.79, down 0.24% on the session, giving a market capitalisation of $26.1M. Its beta of 0.97 implies it has historically moved less than the broad market.
This fund aims to meet its investment goals by employing a balanced allocation approach, designed to maximize the advantages of diversification. It achieves this by investing its capital across underlying exchange-traded funds (ETFs) focused on both fixed-income securities (known as "Fixed Income ETFs") and equity securities (labeled "Equity ETFs"). The fund specifically targets an allocation of roughly 45% to 75% of its total assets to Equity ETFs, with approximately 25% to 55% directed towards Fixed Income ETFs.
Invesco Balanced Multi-Asset Allocation ETF is most often compared with the following Financial Services names: