iShares MSCI Intl Momentum Factor ETF (IMTM)

Overview

The iShares MSCI Intl Momentum Factor ETF (IMTM) seeks to track the investment results of an index composed of international equities exhibiting relatively higher momentum characteristics. The ETF aims to provide exposure to developed market companies (excluding the US) with high price momentum. It invests in stocks from various sectors across developed countries (excluding the US).

Reputation and Reliability

iShares is a well-established and reputable issuer of ETFs, known for its wide range of investment products and robust fund management capabilities.

Management Expertise

BlackRock, the parent company of iShares, has extensive experience and expertise in managing ETFs and other investment vehicles.

Goal

To track the investment results of an index composed of international equities exhibiting relatively higher momentum characteristics.

Investment Approach and Strategy

Strategy: The ETF tracks the MSCI World ex USA Momentum Index. The index uses a rules-based methodology to select securities with relatively high momentum characteristics.

Composition The ETF holds a diversified portfolio of stocks from developed markets (excluding the US), selected based on their momentum scores. It's primarily composed of equities.

Market Share: The ETF's market share within the international momentum factor ETF category is notable but not dominant, with several competitors offering similar products.

Total Net Assets (AUM): 671600000

Key Competitors

• SPDR MSCI Intl Momentum Value ETF (IMTM)
• Avantis International Equity ETF (AVEM)
• Vanguard FTSE All-World ex-US ETF (VEU)

Competitive Landscape

The international momentum factor ETF industry is moderately competitive, with several established players. IMTM benefits from iShares' brand recognition and broad distribution network. However, competitors may offer lower expense ratios or slightly different index methodologies, potentially attracting investors seeking cost savings or alternative momentum strategies.

Historical Performance: Historical performance data should be sourced directly from financial data providers. [Data not available]

Benchmark Comparison: Benchmark comparison against the MSCI World ex USA Index is necessary to determine the ETF's effectiveness. [Data not available]

Expense Ratio: 0.3

Average Trading Volume

The ETF generally has moderate trading volume, offering sufficient liquidity for most investors.

Bid-Ask Spread

The bid-ask spread is typically tight, reflecting the ETF's liquidity and investor interest.

Market Environment Factors

Economic conditions in developed markets (excluding the US), global trade dynamics, and investor sentiment toward international equities influence the ETF's performance.

Growth Trajectory

The ETF's growth is tied to the performance of international equities exhibiting momentum characteristics. Changes in the index methodology or fund strategy could impact its growth trajectory.

Competitive Edge

IMTM's competitive edge lies in its established track record, access to the research and resources of BlackRock, and brand recognition as an iShares product. The rules-based methodology of the MSCI World ex USA Momentum Index provides a transparent and consistent approach to identifying momentum stocks. The ETF's relatively low expense ratio, coupled with its diversified portfolio, makes it an attractive option for investors seeking exposure to international momentum stocks. The large AUM also contributes to lower transaction costs.

Volatility

The ETF's volatility is expected to be similar to that of its underlying index, which may be higher than the broader market due to its focus on momentum stocks.

Market Risk

The ETF is subject to market risk, as the value of its underlying assets can fluctuate due to economic and political factors in international markets.

Ideal Investor Profile

The ideal investor for IMTM is someone seeking exposure to international equities with a focus on momentum stocks and is willing to accept a potentially higher level of volatility. Investors should have a moderate to high risk tolerance.

Market Risk

The ETF is suitable for long-term investors looking to diversify their portfolios with international equities and capitalize on the momentum factor. It may also appeal to active traders seeking to profit from short-term price movements, but this carries greater risk.

The iShares MSCI Intl Momentum Factor ETF offers exposure to international equities exhibiting momentum characteristics. It tracks the MSCI World ex USA Momentum Index and provides diversification across developed markets (excluding the US). The ETF's performance is influenced by economic conditions and investor sentiment toward international equities. It is suitable for investors with a moderate to high risk tolerance seeking to enhance portfolio returns through exposure to the momentum factor.

Data Sources:

• iShares website
• MSCI website
• Financial data providers

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on your own research and due diligence. Past performance is not indicative of future results.