ProShares Nasdaq-100 Dorsey Wright Momentum ETF
Exchange: NASDAQ
Summary
One of those rare non-leveraged ProShares, tracks index of 21 stocks whose price have appreciated most in previous quarter.
Analysis
For proponents and fans of the Dorsey Wright methodology, this QQQA will also appeal to traditional momentum and possibly technical traders. The investment thesis is straightforward and thus easy to articulate to advisers, and backed by a known name in ETFs.
However, the price is relatively high for a portfolio of 21 securities, and the positioning will be challenging amidst the competition.
This fund has a 3/5 AUM growth potential.
Expense ratio: 0.58%
Original filing date: February 26, 2021
Effective date: May 12, 2021
Listing Date: May 20, 2021
CUSIP: 74347G671
Active: No
Index / Benchmark: Nasdaq-100 Dorsey Wright Momentum Index
Investment Objective:
Universe: NASDAQ 100 index components
Uses proprietary Dorsey Wright relative strength process to identify 21 stocks from the NASDAQ 100 whose price have appreciated the most in the previous quarter.
Constituents: 21
Adviser: ProShare Advisors
Sub-Adviser: N/A
Portfolio Managers: Michael Neches, Devin Sullivan
Administrator: JPMorgan Chase Bank, N.A.
Fund accountant: JPMorgan Chase Bank, N.A.
Transfer agent: JPMorgan
Custodian: JPMorgan Chase Bank, N.A.
Distributor: SEI Investments Distribution Co.
Legal counsel: Ropes & Gray LLP
External accounting: PricewaterhouseCoopers LLP
Compliance: Citi Fund Services Ohio, Inc.
Prospectus is here.
Product page is here.
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