Top 10 Momentum ETFs To Consider Now
CapitalCube | Nov 05, 2014 04:00PM ET
- Lower oil is boosting ETFs with an exposure to US growth stocks
- The tussle will be to see what will have more effect on the stocks – a strong dollar or a weaker oil
- Confidence in the US economy was the main factor is ETFs like Fidelity MSCI Financials Index (NYSE:FNCL), Vanguard Russell 1000 Growth (NASDAQ:VONG) trading at around 99% of its 52 week hgh
- The ETF seeks to provide investment returns that correspond before fees and expenses generally to the performance of the MSCI USA IMI Financials Index.
- Invests in stocks in the Russell 1000 Growth Index a broadly diversified index predominantly made up of growth stocks of large U.S. companies. Seeks to closely track the indexs return which is considered a gauge of largecap growth U.S. stock returns. Offers high potential for investment growth; share value typically rises and falls more sharply than that of funds holding bonds. More appropriate for longterm goals where your moneys growth is essential.
- Seeks to track the performance of the CRSP U.S. Mega Cap Growth Index. Employs a passively managed full replication approach. Provides a convenient way to get diversified exposure to the largest growth stocks in the U.S. market.
- ProShares Ultra S&P500 seeks daily investment results before fees and expenses that correspond to twice (200) the daily performance of the S&P 500 Index.
- The Financial Bull 3X ETF seeks daily investment results before fees and expenses of 300 of the price performance of the Russell 1000 Financial Services Index (Financial Index). There is no guarantee the fund will meet its stated investment objective.
- The Small Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300 of the price performance of the Russell 2000 Index (Small Cap Index). There is no guarantee the fund will meet its stated investment objective.
Momentum ETFs have been identified as those ETFs that are trading at a price discount to their 52 week high and have exhibited a positive momentum for the last one year.
More on the top 3 momentum ETFs in the non leveraged category
Top 10 Momentum ETFs with assets of more than $25 million for Nov 5 2014. (Leveraged)
More on the top 3 momentum ETFs in the leveraged category
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