The IDMO ETF is issued by the company responsible for compiling, maintaining, and calculating its underlying index, S&P Dow Jones Indices (S&P DJI). S&P DJI constructs the Underlying Index for the IDMO ETF, which focuses on securities with the highest momentum scores from the S&P Developed ex-U.S. & South Korea LargeMidCap Index. This ETF provides investors exposure to large- and mid-cap securities in developed markets outside of the United States and South Korea, employing a full replication methodology to track its index closely.
While the IDMO ETF primarily focuses on tracking the performance of the S&P Developed ex-U.S. & South Korea LargeMidCap Momentum Index, it still distributes dividends to its investors. Dividends are typically distributed quarterly and are influenced by the dividend policies and performances of the constituent securities within the index. As the ETF employs a full replication
Tracking the momentum-driven strategy of the S&P Developed ex-U.S. & South Korea Momentum LargeMidCap Index defines the essence of the IDMO ETF. This ETF primarily invests at least 90% of its assets in securities that form the Underlying Index, compiled and maintained by S&P Dow Jones Indices. The index selects constituents from the S&P Developed ex-U.S. & South Korea LargeMidCap Parent Index based on their momentum scores, emphasizing securities with better recent performance relative to others. With a portfolio spanning various developed markets worldwide, excluding the United States and South Korea, IDMO employs a full replication methodology, aiming to closely mirror the index's performance. As of the most recent disclosure, IDMO's holdings reflect significant exposure to sectors exhibiting momentum, adapting its portfolio composition over time in accordance with the index's concentration policy.
The correlation aspect of the IDMO ETF is significant for understanding its behavior in relation to momentum-driven investing strategies. As the ETF tracks the S& Developed ex-U.S. & South Korea LargeMidCap Momentum Index, its correlation is influenced by the momentum scores of its constituent securities, emphasizing recent performance over other factors. Investors utilize IDMO's correlation data to gauge its alignment with momentum investing trends and to make informed decisions regarding portfolio allocations. For in-depth analysis and visualization of correlations, investors can leverage ETF Insider's web app, which provides comprehensive data on US ETFs, including correlation patterns and sector overlaps.
The IDMO ETF primarily focuses on momentum investing, with its holdings selected based on securities that exhibit strong recent performance compared to others in the S&P Developed ex-U.S. & South Korea LargeMidCap Index. This index excludes U.S. and South Korean stocks and comprises large- and mid-cap companies from various developed markets worldwide. As of recent data, the ETF shows significant exposure to the energy sector, reflecting the momentum within that industry. The ETF aims to provide investors with diversified exposure to global markets while capitalizing on momentum-driven investment strategies.
The exposure characteristic of the IDMO ETF, known as the Invesco S&P International Developed Momentum ETF, revolves around capturing momentum within the international developed markets excluding the United States and South Korea. This ETF focuses on securities with the highest momentum scores, indicating persistent relative outperformance over the past year, adjusted for volatility. With a diversified portfolio comprising securities from various developed countries across sectors like Australia, Japan, the UK, and others, IDMO offers investors a chance to capitalize on the potential growth opportunities within these markets. For a deeper understanding of IDMO's exposure and to explore its holdings, correlations, and sectoral allocations, investors can leverage ETF Insider's web app, which provides comprehensive data visualization tools for analyzing US ETFs.
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