What does Invesco S&P MidCap Momentum ETF do?

Invesco S&P MidCap Momentum ETF (NYSE:XMMO) specializes in seeking to match or exceed the performance of its underlying index, the S&P MidCap 400 Momentum Index. This index aims to capture mid-cap companies in the United States that exhibit strong momentum characteristics. By investing at least 90% of its total assets in the securities that comprise the index, Invesco S&P MidCap Momentum ETF focuses on leveraging the potential growth and performance of these dynamic companies. The ETF's objectives include offering investors exposure to the mid-cap segment of the U.S. equity market, specifically targeting firms showing upward momentum in their stock prices. This strategy aims to benefit from the ongoing growth opportunities and sector diversification these businesses often represent, fitting the needs of investors looking for growth prospects in their investment portfolios.
Invesco S&P MidCap Momentum ETF company media

Company Snapshot

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Ownership

Public
people

Employees

5,004
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Sector

ETF
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Head Office

Atlanta, United States
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Year Founded

2005

What does Invesco S&P MidCap Momentum ETF specialise in?

/Investment Management /Equity Fund /Portfolio Diversification /Index Tracker /Mid-Cap Stocks /Momentum Investing

What are the products and/or services of Invesco S&P MidCap Momentum ETF?

Overview of Invesco S&P MidCap Momentum ETF offerings
Tracks the S&P MidCap 400 Momentum Index: This index identifies and weights companies in the S&P MidCap 400 Index that exhibit relative price strength or momentum.
Focus on Momentum Stocks: XMMO focuses on companies that have been experiencing rising stock prices, aiming to capture potential continuation of this momentum.
Passive Management: The ETF is passively managed, meaning it replicates the holdings of the underlying index and doesn't try to outperform it through security selection. The index provider, S&P Dow Jones Indices, determines which companies are included in the index and their weightings.
Exposure to Mid-Cap Companies: XMMO offers exposure to a basket of mid-capitalization companies in the U.S. equity market. These companies are generally larger than small-cap companies but smaller than large-cap companies.
Risk and Return Considerations: Momentum investing can potentially lead to higher returns but also carries greater risk compared to investing in the broader market.
Expense Ratio: XMMO has an expense ratio, which is a fee that covers the costs of operating the ETF. This fee is deducted from the ETF's returns.