A popular momentum ETF rebalanced Monday, and the shifts added more tech exposure for investors who want to ride this rally in the stock market. The i Shares MSCI USA Momentum Factor ETF is an fund with more than $13 billion in assets under management, according to FactSet. It tracks a custom index from MSCI that is designed to identify large- and mid-cap U.S. equities with the strongest momentum ratings over the previous six and 12 months.
is up 5.8% in the fourth quarter and more than 37% for the year, according to FactSet, and the fund closed at a record high on Friday. ETF closed at an all-time high on Friday. How it works
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite: