Vanguard Global Momentum Factor ETF (VMO.TO)

Factor-based ETF, so not tied to value or growth. The managers behind it look at 6-month and 12-month performance, both risk-adjusted and normal. In its 10-year timeframe, highest weight of any one security has been 1.6% (doesn't ride the coattails of any one high flyer). 

70% US (which he has a bias for), and gives exposure to small- and mid-caps (which adds diversification). MER is 0.38%.

Note:  He doesn't own it yet, but it's really piquing his interest as it comes up on his screens.

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It is one of four in a series. They are active ETFs. He has been following these products closely. VMO-T is every stock in the world held for momentum. The factor exposure comes with some risk, however.

Momentum is a factor that has only gotten some airplay in the past 2-3 years. It is one of the relatively new factors. This is for those people who want to buy things based on momentum.