An Ill-Timed Move For a Momentum ETF
This article was originally published on ETFTrends.com.
Earlier this year, the iShares MSCI USA Momentum Factor ETF (Cboe: MTUM), one of the largest exchange traded funds dedicated to the momentum factor, pivoted away from growth sectors, boosting allocations to more defensive groups. More recently, MTUM boosted its allocation to technology stocks, just as traded tensions between the U.S. and China flared up. [...]