Momentum funds live up to their name

|By:, SA News Editor

Given the one-direction markets of the past year, one might expect the "momentum" ETFs to have outperformed the SPY's 21.5% advance.

Indeed. The iShares Edge MSCI USA Momentum Factor ETF (NYSEARCA:MTUM) is higher by 40% Y/Y and the PowerShares DWA Momentum Portfolio ETF (NASDAQ:PDP) is up 25.8%.

The PowerShares DWA Technology Momentum Portfolio ETF (NASDAQ:PTF) is up 35% vs. the QQQ's 33.9% gain.

It's a little early in 2018 to start handicapping, but all of the funds are at least keeping up with the averages so far this year.

Related ETFs: MTUM, PDP, MOM, FDMO, VAMO, DWAQ, MMTM, SWIN, BEMO, JMOM, ULVM

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