Russell 1000 High Momentum ETF
The investment seeks investment results that closely correspond to the total return of the Russell-Axioma U.S. Large Cap High Momentum Index.
The fund will normally invest at least 80% of its total assets in common stocks that comprise the index. The index is designed to deliver exposure to equity securities with high momentum. Momentum is a measure of a security's past price performance as measured by cumulative return. High momentum securities can be used to adjust momentum exposure in a portfolio.