XMMO
Invesco S&P MidCap Momentum ETF
📎 Investment Objective
The Invesco S&P MidCap Momentum ETF (XMMO) seeks to track the investment results of an index that measures the performance of U.S. mid-cap stocks exhibiting relatively strong momentum characteristics.
Overview
ETF tracking Invesco S&P MidCap Momentum ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco S&P MidCap Momentum ETF (XMMO) seeks to track the investment results of an index that measures the performance of U.S. mid-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 provider selects mid-cap stocks with relatively high momentum scores based on their price returns over the past 12 months, excluding the most recent month.
✨ Key Features
- Focuses on mid-cap stocks with strong recent price momentum
- Passively tracks the S&P MidCap Momentum Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration in mid-cap stocks, which may be more volatile than large-caps
- Momentum investing style can underperform in certain market environments
- Lack of diversification compared to a broad market index
- Limited performance history makes it difficult to evaluate long-term returns
👤 Best For
This ETF may be suitable for investors seeking exposure to mid-cap U.S. stocks with a focus on recent price momentum. It could be used as a satellite holding within a diversified portfolio. However, the limited track record means it may not be appropriate for risk-averse investors or those with a short investment horizon.