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- 5 August 2021
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Fund Objective:
MTUM aims to track the performance of an index (before fees and expenses) comprising a portfolio of Australian companies with above average momentum scores, as measured by risk-adjusted returns.
Strategy:
MTUM’s index ranks 200 of the largest stocks on the ASX by their 6- and 12-month risk-adjusted returns and selects the top 50 stocks based on those rankings at each selection day. This selection process is repeated every two months. The final portfolio comprises the top 50 stocks selected on each of the last four selection days. This typically results in a portfolio of around 90 stocks with a mix of partial and full weighting allocations depending on how consistently each stock has ranked in the top 50 over the four selection days. Any stock that is ranked in the lowest 10% based on its 6-month total return at the latest selection day is removed from the final portfolio. For full details of MTUM’s index methodology, please refer to the PDS.
MTUM aims to track the performance of an index (before fees and expenses) comprising a portfolio of Australian companies with above average momentum scores, as measured by risk-adjusted returns.
Strategy:
MTUM’s index ranks 200 of the largest stocks on the ASX by their 6- and 12-month risk-adjusted returns and selects the top 50 stocks based on those rankings at each selection day. This selection process is repeated every two months. The final portfolio comprises the top 50 stocks selected on each of the last four selection days. This typically results in a portfolio of around 90 stocks with a mix of partial and full weighting allocations depending on how consistently each stock has ranked in the top 50 over the four selection days. Any stock that is ranked in the lowest 10% based on its 6-month total return at the latest selection day is removed from the final portfolio. For full details of MTUM’s index methodology, please refer to the PDS.
