Seeking Alpha

NOMO
QuantShares U.S. Market Neutral Anti-Momentum ETF

4/18/2014, 3:19 AM ET
Quote & Analysis StockTalk
NOMO is defunct since November 2, 2012. Lack of investor interest
NOMO 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 Anti-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 lowest momentum stocks as long positions and highest 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 low and high momentum price stocks within the Dow Jones U.S. Index. A stocks 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 the lowest returns are low momentum stocks, stocks with the highest returns are highest momentum stocks. Anti-Momentum investing entails investing in securities that have had below- average returns and shorting securities that have had above-average returns. The performance of the Fund will depend on the difference in the rates of return between long positions and short positions."
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Country: United States
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