While US indexes have chopped sideways, many global ETFs are quietly making new 52-week highs relative to the S&P 500.
The Intl Momentum Factor ETF $IMTM tells the story of what's been unfolding in abroad and where the strength is emerging.
The ETF is breaking out to new all-time highs, driven by Financials and Industrials, which make up 34% and 18% of the index, respectively. Meanwhile, tech accounts for just under 10%.
That’s just how the majority of markets outside the US are built.
They're not loaded with heavy tech. No AI hype. No software.
Just real-world businesses — banks, manufacturers, industrial leaders and utilities.
It might not sound exciting for the narrative… but honestly, who cares?
If it works, why not embrace it?
International names are stepping up and Momentum is finding new life far beyond US borders.
