IDMO: As I Suspected, Timing Is Everything For This ETF [Seeking Alpha]
Invesco Water Resources ETF (PHO)
NASDAQ:AMEX Investor Relations:
invesco.com/portal/site/us/etfs/product-detail?productid=pho
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Source: Seeking Alpha
Momentum investing has been proven to work, with investors either overreacting or under-reacting to important information. A change in Morningstar's rating methodology may have affected the performance of momentum strategies. Since momentum investors goes in cycles and IDMO just had a blowout year, with a concern the turn is coming, I rate IDMO as a Cautionary Sell. Introduction This article reviews the Invesco S&P International Developed Momentum ETF NYSEARCA: IDMO ). While I have come across numerous US equity momentum ETFs, this is my first that applies that strategy to International stocks. Momentum investing has been studied for years and its success runs counter to the Efficient Market Hypothesis that states earning Alpha via a targeted investing strategy should not be possible. A study in 2018 by UCLA found evidence that momentum investing does work but couldn't explain why. Why does momentum work? In his research into 25 years of academic literature on momentum, Subra
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Sec Filings
- 4/1/24 - Form NPORT-P
- 4/1/24 - Form NPORT-P
- 4/1/24 - Form NPORT-P
- PHO's page on the SEC website