About PSCH ETF
INVESCO SP SMALLCAP HEALTHCARE ETF (PSCH) tracks a market cap-weighted index of small-cap health care companies taken from the S&P SmallCap 600 Index. PSCH targets small-cap companies in the healthcare space. PSCH is overweight in healthcare equipment & healthcare providers, with a deep underweight to pharma. Over 3/4 of the cap-weighted fund is invested in companies with less than $2.7B in market-cap. Its weighted average market cap is small compared to the broader industry.
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About the Fund Manager:
Invesco was incorporated in 1935, offers insightful financial strategies through their diversified product offerings and manages $987.8B. Invesco is an American independent investment management company that has branch offices in 25 countries with more than 7000 employees.
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. PSCH has an average volume with sizable spreads, however has a low cost and offers sufficient liquidity to trade. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.