2024-07-23 05:42:52 ET
Summary
- The iShares MSCI USA Momentum Factor ETF has had a strong year, with shares +23.5% YTD and +30.1% over the past year.
- The ETF tracks an index of leading American momentum stocks, with top holdings, including Nvidia, Broadcom, and Eli Lilly.
- Despite its recent performance, MTUM's long-term track record does not significantly outperform the S&P 500, and it severely lags the performance of the Nasdaq-100.
- That being the case, the MTUM ETF does not make the cut for my portfolio. Nonetheless, it is still interesting to analyze this ETF.
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For further details see:
MTUM: There Are Better MOMO Strategies Than This Momentum ETF