A $16 Billion Quant ETF Is Poised to Reshuffle 68% of Portfolio
- MTUM looks like fund most affacted by MSCI rebalance this week
- Changes reflect intense stock rotation seen in past 12 months
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A $16 billion exchange-traded fund is set for a monster makeover this week in favor of value shares over tech as it chases the hottest trends on Wall Street.
BlackRock Inc.’s iShares MSCI USA Momentum Factor ETF (ticker MTUM) will see “an astounding” 68% of its portfolio holdings change in order to hold the market’s top performers over the past year, according to Wells Fargo estimates.