What does Invesco DWA Consumer Staples Momentum ETF do?
Invesco DWA Consumer Staples Momentum ETF (NASDAQ:PSL) focuses on delivering investment opportunities within the consumer staples sector by tracking the DWA Consumer Staples Technical Leaders Index. This particular approach prioritizes companies showing strong market momentum, essentially investing in stocks that have demonstrated high relative performance. PSL aims to provide investors with exposure to consumer staples entities that exhibit potential for sustained growth and momentum within the U.S. market. The ETF's strategy is to capitalize on trends within the staples sector, such as food, beverages, and household products, attempting to offer a balance between steady returns and growth potential. By doing so, Invesco DWA Consumer Staples Momentum ETF strives to meet the investment objectives of those looking for momentum within safer, more reliable market segments.