What does Invesco S&P SmallCap Momentum ETF do?
Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) is an exchange-traded fund specializing in capturing the momentum of small-cap stocks within the United States. It seeks to track the investment results of the S&P SmallCap 600 Momentum Index, focusing on companies that exhibit the potential for high growth based on their recent performance metrics. The ETF aims to offer investors diversified exposure to small-cap stocks with strong momentum, aiming to capitalize on the quick growth these companies can often offer. The objective of Invesco S&P SmallCap Momentum ETF is to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P SmallCap 600 Momentum Index. Through this, it strives to offer an effective way for investors to gain exposure to a dynamic segment of the market with the potential for high returns.