Is Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) a Strong ETF Right Now?

The Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE), launched in 2007, is a smart beta ETF focused on broad emerging markets. It tracks the Dorsey Wright Emerging Markets Technical Leaders Index and has accumulated over $256 million in assets. While PIE has shown strong year-to-date and 12-month performance (around 45%), its expense ratio of 0.90% is considered high compared to alternatives like VWO and IEMG, which offer lower costs and similar exposure.