AGFiQ U.S. Market Neutral Momentum Fund (MOM)
AGFiQ U.S. Market Neutral Momentum Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $21.54, down 1.15% on the session, giving a market capitalisation of $4.7M. Its beta of 2.10 implies it has historically moved more than the broad market.
The fund's objective is to mirror the price and income performance, before any fees or expenses, of the Dow Jones U.S. Thematic Market Neutral Momentum Index. To achieve this, it commits a minimum of 80% of its net assets to acquiring the common stocks identified as 'long' positions by the underlying index. Concurrently, it short-sells at least 80% of the securities designated as 'short' positions within that same index. The index itself employs a long/short, market-neutral strategy, which is dollar-neutral by design; this means it selects long and short positions with roughly equivalent monetary values. By following a market-neutral index, the fund strives to diminish the impact of overall market movements on its results.
AGFiQ U.S. Market Neutral Momentum Fund is most often compared with the following Financial Services names: