(IMTM) iShares MSCI Intl Momentum - Ratings and Ratios

The iShares MSCI Intl Momentum Factor ETF (IMTM) is an exchange-traded fund that tracks the MSCI World ex USA Momentum Index, which comprises stocks with higher momentum characteristics than the traditional market capitalization-weighted MSCI World ex USA Index. The fund invests at least 80% of its assets in the component securities of the index, providing exposure to international developed markets with a focus on momentum.

From a quantitative perspective, key performance indicators (KPIs) for IMTM include its tracking error, information ratio, and factor exposure. The funds momentum factor exposure is likely to be its primary driver of returns, with the potential to outperform the broader international developed markets during periods of rising markets. Additionally, the funds Sharpe ratio and Sortino ratio can be used to evaluate its risk-adjusted performance.

In terms of portfolio composition, IMTM is likely to have a tilt towards stocks with higher price momentum, higher earnings momentum, and other characteristics associated with the momentum factor. The funds sector and industry allocations will also be influenced by the momentum characteristics of the underlying stocks. Investors can expect IMTM to have a relatively high turnover rate due to its momentum-based investment strategy.

To evaluate the funds performance, investors can monitor its returns relative to the MSCI World ex USA Index, as well as its peer group of foreign large blend ETFs. Other relevant metrics include the funds expense ratio, trading volume, and bid-ask spread, which can impact its overall cost and liquidity.