Invesco RAFI Emerging Markets Fundamental Value UCITS ETF Dist

What this fund is

Invesco RAFI Emerging Markets Fundamental Value UCITS ETF Dist is an exchange-traded fund (ETF) from Invesco, traded under the ticker PSRM (ISIN IE00B23D9570). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. It follows the RAFI Fundamental Emerging Markets Index NTR index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include SAMSUNG ELECTRONICS CO LTD KRW100, TAIWAN SEMICONDUCTOR MANUFAC TWD10 and SK HYNIX INC KRW5000. It holds around 508 positions (the ten largest ≈ 26.6%), spreading risk so no single holding decides your outcome.

Geographically it leans ~23.6% South Korea, ~18.9% Taiwan and ~13.9% China. By industry it concentrates most in ~29.8% Technology and ~21.3% Financials. Funds like this are commonly chosen by investors who want a regular cash income stream rather than reinvesting everything for growth. Its ongoing charge (TER) is 0.49% a year — about €49 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class), and over the last year it paid out roughly 0.53% (its trailing yield).

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. Its price has swung about 18.3% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2007. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Invesco.)