Investment Objective: |
The Invesco Bloomberg Analyst Rating Improvers ETF seeks to track the investment results (before fees and expenses) of the Bloomberg ANR Improvers Index. The index which is comprised of large and mid-cap U.S. equity securities with the most improved consensus ratings based on data from Bloomberg Analyst Recommendations ("ANR"), an affiliate of the Index Provider. The Index Provider aims to select the 50 companies with the most improved consensus ratings over the previous 12 months. To be eligible for inclusion in the Underlying Index, a security must be included in the Bloomberg U.S. Large Mid Universe, which is a float market-cap-weighted equity benchmark that covers 85% of the market cap of the U.S. equity market. A security must have greater than 10 analysts covering it to be eligible for inclusion in the Underlying Index. The Index Provider collects recommendations by equity research analysts for various financial institutions to build a proprietary "ANR" score for each company. Using a scale of 1 to 5 (where 1 indicates a strong sell rating and 5 indicates a strong buy rating), the Index Provider determines a consensus rating for each security that represents the average rating of all analysts who updated their recommendation for that security within the last 12 months. |