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Powershares Sp Smallcap Cnsmr Discret

I am glad you reached out for information about the Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), a publicly traded company in the USA. This Exchange Traded Fund (ETF) tracks the S&P SmallCap 600® Capped Consumer Discretionary Index, offering exposure to US-based small-cap companies in the consumer discretionary sector. As of March 2023, here is some general information regarding PSCD:

1. Objective: The primary goal of PSCD is to offer capital appreciation by following the price and yield performance of the S&P SmallCap 600® Capped Consumer Discretionary Index. This index includes companies specializing in consumer goods and services such as automobiles, household durables, apparel, hotels, and restaurants.

2. Earnings: As an ETF, PSCD's earnings result from the aggregate earnings of the companies it holds in its portfolio. Investors can view the individual company earnings by analyzing the ETF's holdings.

3. Growth: Due to the nature of the S&P SmallCap 600® Capped Consumer Discretionary Index, PSCD primarily focuses on growth within the small-cap consumer discretionary space. Investors can expect the ETF to hold companies with growth potential, including those offering goods and services driving consumer spending. However, the performance might fluctuate as a result of varying market conditions.

4. Net Assets: As of March 2023, PSCD has approximately $620 million in net assets.

5. Expense Ratio: PSCD's expense ratio is 0.29%, meaning that for every $100 invested, $0.29 is charged annually for management fees. This fee is subject to change but provides investors with a relatively low-cost method to gain exposure to the consumer discretionary small-cap sector.

In summary, the Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is an ETF targeting US-based small-cap consumer discretionary companies. With a focus on capital appreciation and a relatively low expense ratio, PSCD can be a tool for investors looking to gain exposure in the consumer discretionary sector, complementing their diversification strategies. However, investors should carefully consider the associated risks, fees, and potential performance fluctuations in the context of their investment goals. Always consult a financial advisor before making any investment decisions.