2024-05-05 19:00:00 ET
Summary
- Fidelity Momentum Factor ETF (FDMO) implements a sector-neutral strategy based on price performance, earnings surprise and short interest.
- It is overweight in technology and large companies.
- FDMO track record is disappointing compared to another momentum ETF with a simpler methodology.
FDMO strategy
Fidelity Momentum Factor ETF ( FDMO ) started investing operations on 9/12/2016 and tracks the Fidelity U.S. Momentum Factor Index. It has 128 holdings, a distribution yield of 0.66% and an expense ratio of 0.15%....
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FDMO: A Sophisticated, But Not Better Momentum ETF