2024-04-30 06:20:00 ET
Summary
- In line with the broad market, iShares MSCI USA Momentum Factor ETF has taken a hit in recent weeks after touching a record high earlier in the year.
- The weakness in low-capitalization stocks is disappointing for investors in this corner, but for contrarians, the valuations look compelling.
- The long-running underperformance of small-cap shares suggests caution (still), but hope springs eternal in this slice of the factor realm.
The momentum factor is on track to end April as it began: the strongest year-to-date performer among US equity factors, based on a set of ETFs through Friday's close (Apr. 26)....
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Momentum Retains Solid Lead For 2024 Equity Factor Returns