IDMO - IDMO: International With A Momentum Tilt
2024-04-12 12:37:11 ET
Summary
- Invesco S&P International Developed Momentum ETF focuses on international stocks with strong momentum, potentially leading to significant gains.
- The IDMO fund holds a diversified portfolio of 212 holdings, including companies like Novo Nordisk, SAP, and Mitsubishi UFJ Financial.
- IDMO has a major weighting towards Japan and a concentration in the Industrials and Technology sectors, which could expose investors to sector-specific risks.
I've been pounding the table on international markets lately just because I think U.S. markets are stretched. There are, of course, a ton of ways to try to get access to overseas stocks, from passive to more factor-based. One fund that's more on the latter side and interesting to me is the Invesco S&P International Developed Momentum ETF ( IDMO )....
IDMO: International With A Momentum Tilt