New ETFs On The Block: PowerShares S&P 500 Momentum Portfolio (SPMO)

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Factor-based investing has been quite popular within the investment community and, at a time when valuations seem a little stretched, momentum factor based strategies managed to find increasing favor with investors. PowerShares, the fourth-largest US issuer of exchange-traded funds and one of the biggest purveyors of factor-based investment, recently added a momentum factor based ETF to their lineup after the …