The Invesco Dynamic Multifactor ETF (BATS:OMFL) is a differentiated ETF with a strong track record plus a “Perfect 10” Smart Score from TipRanks’ proprietary quantitative scoring system. While OMFL underperformed the broader market in 2023, I’m willing to bet that it will return to winning ways, given that it outperformed the broader market during the four prior years.
I’m bullish on this popular $6.3 billion ETF from Invesco based on its solid track record, reasonable expense ratio, diversified portfolio, attractive valuation, and perfect Smart Score.
What Is the OMFL ETF’s Strategy?
According to OMFL’s sponsor, Invesco, OMFL “is based on the Russell 1000 Invesco Dynamic Multifactor Index.” The Russell 1000 is an index that measures the performance of 1,000 of the largest stocks in the United States. OMFL will invest at least 80% of its assets in this…
