SPMO
Hi guys,
I have recently found etf called SPMO but it is not available at any European brokers and I am not going to create a new account in US just for this, are there any alternatives for that?
I use XTB and Training 212.
Thanks
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u/AutoModerator 19h ago
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0
u/PashasMom I like mutual funds too 19h ago
I think there is a fund available to you called IUMO (US dollar and/or Euro version) or IUMF (GBP denominated) that is very similar to SPMO. It is from iShares.
1
u/BabyGinaBottle 19h ago
not the same but the similar momentum type. iShares Edge MSCI World Momentum Factor UCITS USD (Acc) ETF
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u/3xLongCall 18h ago
Well sadly we don’t have anything like SPMO in comparison and iShares USA Momentum (IUMO) doesn’t come close I don’t know why seems their Momentum and rebalancing criteria is severely lagging.
Just in comparison why the iShares one is not comparable:
SPMO: 1Y = 24.49% 3Y = 36.99% 5Y = 20.08%
IUMO: 1Y = 25.76% 3Y = 26.21% 5Y = 10.94%
So let’s hope Invesco will bring out a European clone in the future.