PSI
Invesco Semiconductors ETF · Financial Services
Invesco Semiconductors ETF · Financial Services
The Invesco Semiconductors ETF (Fund) is based on the Dynamic Semiconductor Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Financial Services
Asset Management
2005-06-23
2.00
Invesco Semiconductors ETF has outperformed the newer Xtrackers Semiconductor Select Equity ETF, delivering a 6.5% total return in under a quarter. PSI's edge stems from its concentrated U.S.-only portfolio, high 78% turnover, and a quant-driven strategy focused on momentum, management, and valuation. CHPS, with a lower 0.15% expense ratio and 25% Asian exposure, follows an ESG-screened, globally diversified approach but lacks PSI's IP-rich U.S. focus.
Launched on June 23, 2005, the Invesco Semiconductors ETF (PSI) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Semiconductors segment of the equity market.
Semiconductor stocks have spent the past month getting hit from multiple directions: export control uncertainty, broader market volatility, and a VIX that climbed to nearly 30 in early March before settling around 25.
Iran's strike on Qatar slashes helium supply, raising fears of chip disruption but also hinting at semiconductor ETF buying opportunities.

It's hard to resist a great deal on Wall Street, especially with valuations still skewed towards the higher end.

The Invesco Semiconductors ETF offers a balanced exposure to the semi industry while bypassing the high valuations of AI frontrunners. The fund delivered a 13% gain since the beginning of the year amid escalating concerns over the AI bubble and data center infrastructure build-out. I am bullish on PSI ETF prospects, as the fund could provide up to 28% upside potential over the next 12 months.
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