JMOM - MTUM: An Excellent Alternative To Overvalued Growth ETFs
- MTUM is a momentum investing ETF with a straightforward methodology that selects stocks based on their risk-adjusted price performances over the last 6 and 12 months.
- Constituents are expected to grow sales by 18% next year, and valuations also suggest they're trading at only a modest premium.
- The ETF isn't full of overhyped stocks due for a pullback. Instead, they're leaders in their respective industries and easily beat analyst expectations last quarter.
- I'm bullish on MTUM and think it's an excellent alternative to growth ETFs that are likely overvalued.
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MTUM: An Excellent Alternative To Overvalued Growth ETFs