SPMO
Invesco S&P 500 Momentum ETF
📎 Investment Objective
The Invesco S&P 500 Momentum ETF (SPMO) seeks to track the investment results of an index that measures the performance of U.S. large-cap stocks exhibiting relatively strong momentum characteristics.
Overview
ETF tracking Invesco S&P 500 Momentum ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco S&P 500 Momentum ETF (SPMO) seeks to track the investment results of an index that measures the performance of U.S. large-cap stocks exhibiting relatively strong momentum characteristics.
🎯 Investment Strategy
The fund generally invests at least 90% of its total assets in the securities that comprise the underlying index. The index is composed of 100 securities in the S&P 500 Index that have the highest 'momentum score' based on their 12-month price returns.
✨ Key Features
- Focuses on large-cap U.S. stocks with strong recent price momentum
- Passively tracks the S&P 500 Momentum Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The value of the fund's shares will fluctuate with changes in the value of the underlying securities
- Momentum investing risk: Momentum investing is subject to the risk that the securities may be more volatile than the market as a whole
- Concentration risk: The fund is more heavily weighted in certain sectors, which could make it more volatile than a more diversified fund
- Lack of performance history: With limited time since inception, the fund's long-term returns are uncertain
👤 Best For
This ETF may be suitable for investors seeking exposure to large-cap U.S. stocks with strong recent price momentum as part of a diversified portfolio. However, due to the fund's limited performance history, it may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.