Published on 20 Mar 2024 on Zacks via Yahoo Finance
Should You Invest in the Invesco Dorsey Wright Industrials Momentum ETF (PRN)?
Designed to provide broad exposure to the Industrials - Broad segment of the equity market, the Invesco Dorsey Wright Industrials Momentum ETF (PRN) is a passively managed exchange traded fund launched on 10/12/2006.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.