Market Rally Refreshes Allure of Momentum ETFs
May 27, 2020 at 12:34 PM EDT
Some market observers were concerned the March market meltdown would derail momentum stocks, but those names are leading the rebound. Just look at the Principal Sustainable Momentum Index ETF (NasdaqGM: PMOM), which is higher by 32.43% off its March lows. PMOM reflects the performance of the Nasdaq...