Of the more than 280 exchange traded products that debuted in the US last year, plenty were multi-factor funds. But with the momentum factor excelling last year and investors hoping for more of the same in 2016, investors may want to consider exchange traded funds that are dedicated plays on the momentum factor.
Investors looking for seasoned ETFs that emphasize the momentum factor have some worthy choices in the forms of the $1.88 billion PowerShares DWA Momentum Portfolio (NYSE: PDP) and the $1.07 billion iShares MSCI USA Momentum Factor ETF (NYSE: MTUM).
PDP, which turns eight years old in early March, follows the Dorsey Wright Technical Leaders Index (DWA Technical Leaders Index), a benchmark that adheres to the Dorsey Wright relative strength methodology. Consumer discretionary, industrial and healthcare names combine for over ...
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