QMOM - QMOM: Research-Based Momentum ETF

2024-05-07 10:24:19 ET

Summary

• Alpha Architect U.S. Quantitative Momentum ETF (QMOM) is an actively managed fund implementing a scientifically designed strategy.
• Surprisingly, the current portfolio is attractive regarding both valuation and growth metrics. It is heavy in industrials and mid-caps.
• QMOM has outperformed in some time frames, but performance since December 2015 is underwhelming. It seems to be an excellent swing-trading instrument, but an average long-term investment.

QMOM strategy

Alpha Architect U.S. Quantitative Momentum ETF ( QMOM ) is an actively managed ETF launched on 12/1/2015. It has a portfolio of 50 stocks and an expense ratio of 0.29%. The fund’s strategy is inspired by the book Quantitative Momentum (Wiley), whose authors Dr Wesley Gray and Dr Jack Vogel are respectively CEO and CIO of Alpha Architect. I think any investor seriously interested in data-driven investing should read this book, as well as Quantitative Value (Wiley) by Dr Gray and Tobias Carlisle. This other book is at the origin of Alpha Architect U.S. Quantitative Value ETF ( QVAL ), reviewed here ....

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