The iShares MSCI USA Momentum ETF (MTUM) just had a rebalance with abnormally high turnover after missing the artificial intelligence boom.
The excitement around artificial intelligence that sent Nvidia and a few other tech stocks soaring in the first half of 2023 happened so quickly that a massive momentum fund is now playing catch-up. The biggest momentum ETF, the iShares
mountain The biggest momentum ETF has struggled in 2023. "With momentum, because you are buying the stocks that are up the most, if you do it at a random time — which MTUM seemingly is — there is huge risk you miss out on a large chunk of a move or you're holding on to losers way too late. Momentum is very time sensitive," said Strategas ETF strategist Todd Sohn.
uses a combination of six- and 12-month price momentum metrics to create a momentum score for stocks, according to the firm's methodology document . The
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Double Trouble: 2x Bitcoin ETF Gets AxedProShares, one of the top ETF providers in the U.S., has pulled the plug on its proposal for a 2x leveraged Bitcoin ETF
Read more »
'The haves and have-nots market': 2023 trends for the ETF investorDespite recessionary fears, interest rate uncertainty and a debt ceiling debate, ETF investors are adapting to a volatile year for markets.
Read more »
Nvidia suffers biggest one-day decline in 4 months after stellar rallyNvidia stock suffers biggest one-day decline in 4 months after its stellar rally to a $1 trillion valuation
Read more »
Double Trouble: 2x Bitcoin ETF Gets AxedProShares, one of the top ETF providers in the U.S., has pulled the plug on its proposal for a 2x leveraged Bitcoin ETF
Read more »
Nvidia shares pull back after recent surge. Here’s what the pros have to sayPros on CNBC discussed Nvidia after the stock fell Wednesday.
Read more »
Rupee to rise more after dollar's biggest fall in a monthThe Indian rupee is expected to open higher on Friday after the dollar index saw its worst session in almost a month on upbeat risk and wagers that the U.S. Federal Reserve will not raise rates at the June meeting.
Read more »