Momentum investing gets ETF twist with Betashares ASX launch
The latest exchange traded fund (ETF) from Betashares to hit the Australian Securities Exchange (ASX) has provided a market-first Australian equities momentum investing strategy.
The Betashares Australian Momentum ETF (MTUM) offers investors “convenient access [and] exposure to a systematic, rules-based momentum investing strategy”, which involves buying stocks that are outperforming due to the success of an existing market trend while selling stocks that have underperformed.
While the strategy has its denouncers that favour traditional stock picking based on fundamental factors, Betashares says it offers both investors and advisers a…
