For example, industrials account for 15.5% of MTUM’s sector weight and a significant portion of the ETF’s 15.4% weight to the technology sector is devoted to more mature tech firms like Hewlett-Packard (NYSE: HPQ). Dow components Johnson & Johnson (NYSE: JNJ) and Merck (NYSE: MRK) account for 40% of MTUM’s 22.5% health care weight.
MTUM was one of several ETFs iShares developed at the request of the Arizona State Retirement System, which seeded each ETF with $100 million when the funds debuted last year. Starting with $100 million is a nice advantage for any ETF, but MTUM has more than proven it can stand on its own merits.
Indicating it is one of the most successful ETFs to debut last year, MTUM had $240 million in assets under management as of mid-March and that number has since grown to almost $360 million. [Factor ETFs Arrive]
iShares MSCI USA Momentum Factor ETF
Tom Lydon’s clients own shares of Facebook.