RPG: Pure Momentum, Not Pure Growth, Is Driving This Year's Exceptional Gains
We bridge the gap between financial information and actionable insight by providing unrivaled coverage on all asset classes and access to best-in-class tools. It has a 0.35% expense ratio, $2.08 billion in assets, and is up 21.64% YTD.S&P's definition of "pure growth" is unique, as its scoring system incorporates twelve-month price momentum. In fact, my fundamental analysis shows that's the dominant factor today.Stocks like Sandisk and Micron Technology lead RPG and could continue to propel it to even bigger gains this year, even with some moderate valuation compression.However, downside risk is substantial.
- ▪We bridge the gap between financial information and actionable insight by providing unrivaled coverage on all asset classes and access to best-in-class tools.
- ▪It has a 0.35% expense ratio, $2.08 billion in assets, and is up 21.64% YTD.S&P's definition of "pure growth" is unique, as its scoring system incorporates twelve-month price momentum.
- ▪In fact, my fundamental analysis shows that's the dominant factor today.Stocks like Sandisk and Micron Technology lead RPG and could continue to propel it to even bigger gains this year, even with some moderate valuation compression.However
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