JOET - JOET: Quality Equal Weight And Worth A Look

2024-03-24 18:30:00 ET

Summary

• The Virtus Terranova U.S. Quality Momentum ETF seeks to track the Terranova U.S. Quality Momentum Index, focusing on large-cap US companies with strong quality fundamentals and positive momentum trends.
• The ETF is well-diversified across various sectors, with a heavy mid-cap allocation, providing a tilt towards smaller companies without the risk of small-cap stocks.
• The ETF's strategy is technical and retrospective, potentially overlooking qualitative risk factors, but it offers attractive risk-adjusted returns and a solid risk management approach.

There's the man, and then there's the index. There's the index, and then there's the ETF. A lot of people are familiar with media personality Joe Terranova. He's got an index and a fund that seeks to track that index which is rules-based. The methodology is worth taking a look at independent of Mr. Terranova himself....

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