Seeking Alpha

MOM
  QuantShares U.S. Market Neutral Momentum ETF - NYSEARCA

8/21/2014, 8:27 AM ET
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MOM vs. ETF Alternatives
MOM Description
"The Fund seeks performance results that correspond to the price and yield performance, before fees and expenses of the Dow Jones U.S. Thematic Market Neutral Momentum Total Return Index. The target index, which is compiled by Dow Jones Indexes, is equal weighted, dollar neutral, sector neutral and is not levered. The index rebalances monthly by identifying the highest momentum stocks as long positions and lowest momentum stocks as short positions, of approximately equal dollar amounts, within each sector. The Exchange Traded Fund provides investors with the means of seeking the spread return between high and low momentum price stocks within the Dow Jones U.S. Index. A stock's momentum is based on its total return, which is a function of price performance and dividend returns over the first twelve of the last thirteen months. Stocks with a higher total return receive a higher ranking and stocks with a lower total return receive a lower ranking. Momentum investing entails investing in securities that have had above-average returns and shorting securities that have had below-average returns. The performance of the Fund will depend on the difference in the rate of return between its long positions and short positions. "
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Country: United States
Key Info
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