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Seminar Key Takeaways: Leading Through Momentum: Capturing US Market Leaders
Krungsri Asset Management Company Limited together with Invesco, recently hosted the seminar "Leading Through Momentum: Capturing US Market Leaders" to introduce two new funds, KF‑SP500M and KF‑SP500MFX that adopt a Momentum Investing strategy, targeting trend-leading companies across high‑growth sectors in the US equity market. The investment is executed through the world‑class master fund, Invesco S&P 500® Momentum ETF, offering investors the potential for superior long-term returns from US equities.
About keynote speakers
The seminar featured keynote speakers from Krungsri Asset Management and Invesco, who provided an in-depth analysis of the economic outlook and compelling investment opportunities in the US stock market, focusing on how the momentum investing strategy offers a differentiated approach to the market by aligning with clear upward industry trends to capture alpha over the medium to long term:
- Krungsri Asset Management: Mr. Kiattisak Preecha-anusorn, Chief Investment Strategy Officer
- Invesco a global asset management firm with over $1 trillion in ETF assets under management and more than 20 years of experience:
- Mr. Tom Digby, Managing Director, Head of APAC ETF Distribution
- Mr. Paul Schroeder, Factor & Equity Product Strategist
- Mr. Digby observed that although the US stock market faces periodic volatility from shifting news flows, winning companies continue to deliver strong returns. The S&P 500 Index remains a premier platform for innovative global firms with powerful brands and competitive strengths, spanning both growth and value sectors that rotate in performance with market cycles. Momentum investing, a price‑driven strategy, identifies stocks with the most persistent upward trends while applying rules to filter out excessive volatility. This approach optimizes risk‑adjusted returns and ensures the portfolio is not restricted to any single sector. Instead, it adapts dynamically to market flows and price trends, maintaining flexibility to capture leaders across cycles and reducing emotional bias in investment decisions.
- Explaining the methodology, Mr. Schroeder added that the fund selects the top 100 stocks from the S&P 500 Index with the highest risk-adjusted momentum scores. The portfolio is rebalanced twice a year in February and August to ensure it consistently comprises the strongest upward-trending stocks. (Source: S&P Global). Currently, the technology sector, fueled by AI innovations, along with the Magnificent 7 group, demonstrates strong and visible growth potential supported by resilient revenues and EPS growth. With their upward momentum firmly grounded in fundamentals, the fund has allocated its highest weighting to these segments, and the share of the Magnificent 7 is expected to increase progressively.
Outlook from Krungsri Asset Management
- Regarding historical performance, Mr. Kiattisak revealed that in the current year, the fund delivered an impressive return of 28.4%, significantly outperforming the S&P500 ETF index that returned 11.40%. Over a 3-5 year period, the fund has consistently outperformed the S&P 500 by 100%. Furthermore, since its inception over a decade ago, the fund has achieved a remarkable cumulative outperformance of 240% against the benchmark.
- Regarding risk factors and portfolio allocation, the fund focuses on price momentum and holds a more concentrated portfolio of only about 100 stocks, it may experience higher volatility during market turnarounds.
- The fund is recommended for investment horizons of 3 years or longer. Investors can utilize these funds in two main ways: (1) As a core portfolio held long-term alongside or in place of a traditional S&P 500 index fund to enhance overall portfolio efficiency and long-term returns, or (2) for tactical short-term trading during periods of high market concentration, strong upward trends, and highly visible industry leadership.
- KF-SP500M employs a FX hedging policy at the fund manager's discretion, allowing the fund manager to determine the appropriate level of currency hedging based on market conditions.
- KF-SP500MFX has no FX hedging policy, catering to investors who can tolerate currency risks and wish to capture potential gains from a strengthening US Dollar.
For more information about the Funds, click here
For more information or to obtain the Fund Prospectus, please contact Krungsri Asset Management Co., Ltd. at +66 2 657 5757 (press 2), or Krungsri Bank/Selling Agents.
Investment Policy of the Funds
- KF-SP500M and KF-SP500MFX invest in the foreign investment fund, Invesco S&P 500® Momentum ETF (master fund), with an average of no less than 80% of its NAV invested in the underlying fund during the accounting year. The master fund focuses on investing in stocks that are components of the S&P 500® Momentum Index (benchmark index), which reflects the performance of approximately 100 stocks in the S&P 500® with the highest momentum scores.
- Risk level 6: High risk. | KF-SP500M may hedge foreign exchange risk at the Fund Manager’s discretion, while KF-SP500MFX does not hedge foreign exchange risk.
- This document has been prepared based on information believed to be reliable as of the date indicated. However, the Company does not guarantee the accuracy, reliability, or completeness of all information contained herein. The Company reserves the right to amend any information without prior notice.
- The funds are exposed to a high foreign exchange risk, which may cause investors to incur losses or gains from exchange rate fluctuations and/or receive proceeds lower than their initial investment.
- Investors should thoroughly understand the product characteristics, return conditions, and risks before making an investment decision. Past performance of a mutual fund is not indicative of future results.
