Invesco RAFI Emerging Markets ETF
Invesco RAFI Emerging Markets ETF (AMEX: PXH) is an exchange-traded fund listed on NYSE Arca, trading at $29.25 (about ₹2,806 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.47% and holds 359 securities. Indian residents can buy PXH through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$29.14
Today's high
$29.36
52 week low
$24.35
52 week high
$30.35
PXH opened at $29.26, closed previously at $29.22, and has traded between $24.35 and $30.35 over the past 52 weeks.
About
The Invesco RAFI Emerging Markets ETF (the Fund) is designed to mirror the performance of the RAFI Fundamental Select Emerging Markets 350 Index. The Fund typically allocates at least 90% of its total assets to securities found within this Index, including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) representing those components. The Index identifies the largest companies in emerging markets based on four key fundamental financial criteria: book value, cash flow, sales, and dividends. Companies demonstrating superior fundamental strength are weighted in proportion to their scores. The Index calculates its performance using net returns, which accounts for tax withholdings applicable to non-resident investors. Both the Fund and its underlying Index undergo annual rebalancing. A significant change will take effect at the close of business on March 21, 2025. The Fund's underlying benchmark will transition from the FTSE RAFI Emerging Index to the RAFI Fundamental Select Emerging Markets 350 Index. Concurrently, the Fund will formally adopt the name "Invesco RAFI Emerging Markets ETF," and its management fee will be reduced to 47 basis points. As of August 31, 2025, Morningstar Inc. awarded the Fund an overall rating of 4 stars, placing it among 696 evaluated funds. It also achieved a 4-star rating for its 3-, 5-, and 10-year performance periods, ranking against 696, 620, and 448 funds, respectively. Morningstar's methodology assesses funds based on risk-adjusted returns, emphasizing consistent performance and applying stricter penalties for downward volatility. These ratings are calculated for funds with at least a three-year operational history, treating all open-end mutual funds and exchange-traded funds as a single comparative group. The overall star rating is a weighted average of these long-term metrics, accounting for fees and expenses but excluding sales charges. Important Disclosures from Morningstar: This information is proprietary and copyrighted ©2025 by Morningstar Inc.; unauthorized reproduction or distribution is prohibited. Morningstar does not guarantee accuracy or completeness and disclaims responsibility for any resulting losses. Past performance is not indicative of future results. Star ratings, which can fluctuate monthly, are allocated as follows: the top 10% receive five stars, the next 22.5% receive four, the middle 35% three, the subsequent 22.5% two, and the bottom 10% one. Ratings may have been positively influenced by past fee waivers or expense reimbursements. Performance characteristics and ratings may vary for different share classes.
Key statistics
Expense ratio
0.47%
Assets (AUM)
$2.1B
Holdings
359
NAV
$29.34
Avg. volume
—
1-year price change
+16.30%
5-year price change
+30.23%
Price change excludes dividends.
Top 10 holdings
PXH holds 359 securities in total. These 10 are 28.5% of the fund.
Where the money is invested
Sectors
Countries
How to buy PXH from India
Indian residents can buy PXH units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PXH and buy
Find the fund by its ticker, PXH, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PXH from India
Trading and taxes when buying PXH from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PXH price today?
Invesco RAFI Emerging Markets ETF (PXH) last traded at $29.25 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹2,806 a unit at the 25 Sep 2026 USD/INR rate.
When does PXH trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PXH, and what does it cost to hold?
Invesco RAFI Emerging Markets ETF manages about $2.1B. Its expense ratio is 0.47% a year, deducted inside the fund. It launched in 2007.
What are PXH's largest holdings?
The top three are Taiwan Semiconductor Manufacturing Co Ltd (5.8%), Petroleo Brasileiro SA - Petrobras (4.4%) and Alibaba Group Holding Ltd (3.1%). PXH's 10 largest positions make up 28.5% of the fund.
Does PXH pay dividends?
Yes. PXH is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on PXH taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of PXH?
Yes. You can buy PXH by amount rather than by whole unit, and there is no minimum trade size.
How has PXH performed?
PXH's price is up 16.3% over the past year and up 30.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.