REFA allocates nearly a third of its weight to Japan, one of the most undervalued developed markets. The U.K., France and Germany combine for almost 40% of the ETF’s weight. European equities remain undervalued relative to their U.S. counterparts.
The average market capitalization of REFA’s 529 holdings is nearly $46 billion. REFA allocates just over 19% of its weight to the consumer discretionary sector, 18.1% to financials, 17.7% to industrials and almost 10% to consumer staples.
OppenheimerFunds also offers a suite of revenue-weighted ETFs that specifically focus on companies with high revenues, including the Oppenheimer Large Cap Revenue ETF (NYSEArca: RWL), Oppenheimer Mid Cap Revenue ETF (NYSEArca: RWK), Oppenheimer Small Cap Revenue ETF (NYSEArca: RWJ), Oppenheimer Ultra Dividend Revenue ETF (NYSEArca: RDIV), Oppenheimer Financials Sector Revenue ETF (NYSEArca: RWW), Oppenheimer ESG Revenue ETF (NYSEArca: ESGL) and Oppenheimer Global ESG Revenue ETF (NYSEArca: ESGF).
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