MTUM; the momentum ETF
If you have ever invested in stock market, you probably have seen some stocks go down despite solid earnings and fundamentals. After all, stock market is not an exact science and investor bias plays an important role in valuations and stock performance. There is no doubt that some stocks acquire upward momentum and perform better than expected. If you want to invest in momentum stocks there is a smart beta ETF worth your time. It is called MTUM by iShares, and we are going to see why this ETF is an above average fund. MTUM: iShares Edge MSCI USA Momentum Factor ETF Let's start by looking at the objective of this ETF. It provides exposure to large-cap and mid-cap U.S. stocks exhibiting relatively higher price momentum. It tracks MSCI USA momentum Index and currently has 123 holdings. Its expense ratio is 0.15%, and it was incepted on December of 2013. Now, let's talk about its stock picking methodology (that is where the magic happens). MTUM's benchmark index dete
