GMOMCambria Global Momentum ETF
GMOM Fund Description
GMOM is an actively managed fund that selects approximately 17 ETFs, across various asset classes, based on price momentum. The fund aims for capital appreciation rather than income.
GMOM Factset Analytics Insight
GMOM is part of a growing group of funds that base investments on volatility or momentum indicators. Structured as a fund-of-funds, GMOM aims to invest in the top third of a target universe of approximately 50 ETFs based on measures of trailing momentum and trend. When momentum is strong but negative, GMOM can move to bonds and cash. This is a smaller fund and, as might be expected, daily trading volume is light and spreads can be a bit higher than the norm. Block liquidity is a potential weakness here for larger investors, as some of the constituent funds are liquidity-challenged themselves. Holding costs are a concern: even for an actively managed fund, the expense ratio is high.
GMOM CHARTS AND PERFORMANCE
GMOM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GMOM. GMOM is rated a 1 out of 5.