Overview
Description
The iShares MSCI USA Momentum Factor ETF is a type of exchange-traded fund designed to track the investment performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. Its primary function is to provide exposure to companies that demonstrate upward price movements over time, which are selected and weighted based on their relative positive momentum. The ETF is notable for incorporating stocks across a range of sectors, allowing investors to capitalize on the potential advantage of momentum investing without having to pinpoint individual stocks themselves. Useful for both institutional and individual investors, this ETF serves as a strategic component in portfolios aiming to leverage momentum-driven market movements. By tracking the MSCI USA Momentum Index, iShares MSCI USA Momentum Factor ETF offers broad market exposure while focusing on the momentum factor, playing a significant role for those looking to optimize their portfolios within the dynamic landscape of the U.S. equity market.
About
Address
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Phone
1-800-474-2737
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE