Nasdaq US Benchmark Mortgage Re (VJZ5)
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MMTM: A Watered-Down Momentum ETF
SPDR S&P 1500 Momentum Tilt ETF uses a momentum-based weighting methodology within the S&P 1500 Composite Index. MMTM's portfolio is heavily concentrated in information technology and its top 10 issuers. Despite marginally outperforming the S&P 1500 since 2012, MMTM shows no significant performance or risk metric gap compared to its parent index.
Momentum ETF (MMTM) Hits New 52-Week High
For investors seeking momentum, SPDR S&P 1500 Momentum Tilt ETF MMTM is probably on the radar. The fund just hit a 52-week high and is up 46.08% from its 52-week low price of $172.61/share.
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Nasdaq US Benchmark Mortgage Re Profile
| XBER Exchange | US Country |
Overview
The described company operates as an investment fund that places a significant emphasis on aligning its assets with the performance of a particular index, which is a version of the S&P Composite 1500 Index tailored to emphasize momentum. This means the fund's investment strategy entails allocating at least 80% of its total assets to securities that are a part of the index it tracks. The distinct feature of this index is its alternative weighting methodology, which adjusts the weight of stocks based on their momentum—increasing the weight of those with strong momentum while decreasing it for those with weaker momentum. It's important to note that this fund is categorized as non-diversified, indicating that it might concentrate its investments more narrowly than diversified funds.
Products and Services
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Index-Based Investment Services
This product offers investors a way to engage with the market through an investment strategy closely aligned with the performance of a specialized version of the S&P Composite 1500 Index. By doing so, it aims to provide a potentially higher reward for those who are willing to accept the risks associated with momentum-based investment approaches.
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Alternative Weighting Methodology
Another key aspect of the fund's strategy is its use of an alternative weighting system for the securities within its portfolio. This methodology emphasizes stocks showing strong momentum by assigning them a heavier weight relative to their representation in the S&P Composite 1500 Index. Conversely, stocks exhibiting weaker momentum are assigned a lighter weight. This selective approach seeks to capitalize on the momentum factor as a means to achieve higher returns.
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Non-Diversified Fund Structure
The fund's non-diversified status allows it to invest more substantially in a limited number of securities. While this approach can potentially offer greater returns by focusing on a narrower field of investments that the fund management believes have high potential, it also increases the risk as the fund's performance is more closely tied to the fortunes of fewer investments.
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