MTUM is part of a three-ETF suite of factor-based funds launched by iShares in April. Each was developed at the request of the Arizona State Retirement System, which seeded each ETF with $100 million. The other members of that trio are the iShares MSCI USA Size Factor ETF NYSEArca: SIZE) and iShares MSCI USA Value Factor ETF (NYSEArca: VLUE). SIZE has over $120 million in assets.
Morningstar points out that most of the successful product launches this year are equity-based funds, though some rookie bond ETFs have thrived, including the Vanguard Total International Bond ETF (NasdaqGS: BNDX) and the actively managed SPDR Blackstone/GSO Senior Loan ETF (NYSEArca: SRLN), both of which rank among the top-five most successful new ETFs in terms of assets gathered.
SPDR Blackstone/GSO Senior Loan ETF
ETF Trends editorial team contributed to this post.