NBIX - XMMO: A Better Momentum ETF

2024-05-21 06:37:29 ET

Summary

• Invesco S&P MidCap Momentum ETF had a strong performance, up over 21% in 2023 and 29% YTD.
• The S&P MidCap 400 index has consistently outperformed the S&P 500.
• Momentum stock selection works and is augmented in the Mid-cap asset class, where companies are financially sound and have high growth capacity.
• While the ETF is passive, the Index is far more dynamic with high turnover as it incorporates the top-performing stocks twice a year.

Introduction

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