Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Buying The Market’s Best Performers Has Become A Losing Bet: (MTUM)
FYI: Momentum stocks—the market’s best performers—have been struggling lately.
The iShares Edge MSCI USA Momentum Factor ETF (MTUM) was down 2.3% Thursday afternoon, bringing the loss to 6.8% for the month. All of its 122 constituents were trading below their 10-day moving averages as of Oct. 11. It’s the first time that has happened since the fund was launched in 2013, according to Will Geisdorf, a strategist at Ned Davis Research Regards, Ted https://www.barrons.com/articles/buying-the-markets-best-performers-has-become-a-losing-bet-1539892078?refsec=funds
