With no changes to nay of the Invesco models, we look at the Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).
There are no changes to any of the Invesco models this week. While small caps continue to lag large and mid caps in the DALI size & style rankings, in the more sensitive Asset Class Group Scores, the three small cap groups – small cap growth, small cap value, and small cap blend – all rank in the top 25 (out of 134 groups in the system). The small cap groups also now outrank all other size and style groups with the exception of micro caps and large cap growth.
Those looking to increase their small cap exposure may wish to consider the Invesco Russell 2000 Dynamic Multifactor ETF (OMFS). OMFS currently has a strong 5.34 fund score, which is 0.98 points better than the average for all small cap funds, and a positive 1.59 score direction. On its P&F chart, OMFS completed a shakeout pattern in mid-April when it broke a triple top at $49 and continued higher to notch a new all-time high at $51. The fund has subsequently pulled back to prior resistance, offering an entry point for long exposure. Year-to-date (through 5/22), OMFS has gained 13.56% on a price return basis.
