XMMO Profile
The Invesco S&P MidCap Momentum ETF aims to deliver investment returns that closely match the performance of the S&P MidCap 400 Momentum Index. This index is designed to measure the performance of mid-capitalization stocks within the S&P MidCap 400 Index that exhibit high momentum characteristics. The ETF seeks to provide investors with targeted exposure to these momentum-driven mid-cap stocks, capitalizing on their growth potential.
Under normal market conditions, the fund will allocate at least 90% of its total assets to the securities that make up the S&P MidCap 400 Momentum Index. This strategy ensures that the fund's performance is closely aligned with the index, which focuses on mid-cap companies demonstrating strong momentum based on various performance metrics. By adhering to this allocation strategy, the fund aims to capture the potential upside of high-momentum mid-cap stocks.
The S&P MidCap 400 Momentum Index, compiled and maintained by the index provider, includes constituents of the S&P MidCap 400 Index that have shown the highest momentum. Momentum is assessed based on factors such as price performance and relative strength, which are indicative of a stock's potential for continued growth. The index provider follows rigorous guidelines and procedures to ensure the index's accuracy and relevance.
Investors in the Invesco S&P MidCap Momentum ETF can benefit from a focused investment approach that targets mid-cap stocks with strong momentum characteristics. This approach is designed to harness the growth potential of these stocks, offering a strategic option for investors seeking to enhance their portfolios with high-performing mid-cap equities. The ETF's alignment with the S&P MidCap 400 Momentum Index reflects its commitment to delivering targeted exposure to momentum-driven mid-cap companies.
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