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How Bad Timing Screwed Up Returns For A $9 Billion Momentum Bet: (MTUM)

TedTed
in The Bullpen
FYI: The largest exchange-traded fund designed to buy high-flying stocks seems to have lost its edge.

The $8.6 billion iShares Edge MSCI USA Momentum ETF, or MTUM, has trailed the S&P 500 Index by almost 4 percentage points since the beginning of January, putting the fund on track for its worst start to the year since it started trading in 2013, data compiled by Bloomberg show.
Regards,
Ted
https://www.fa-mag.com/news/how-bad-timing-screwed-up-returns-for-a--9-billion-momentum-bet-44610.html?print
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