{"id":90869,"date":"2026-11-02T17:09:56","date_gmt":"2026-11-02T16:09:56","guid":{"rendered":"https:\/\/trader-magazine.com\/?p=90869"},"modified":"2026-11-02T17:09:59","modified_gmt":"2026-11-02T16:09:59","slug":"momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia","status":"publish","type":"post","link":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/","title":{"rendered":"Momentum ETF: Jak strategie vyb\u00edr\u00e1 v\u00edt\u011bzn\u00e9 akcie a pro\u010d z\u00e1le\u017e\u00ed na pravideln\u00fdch zm\u011bn\u00e1ch portfolia"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Momentum ETF vych\u00e1zej\u00ed z jednoduch\u00e9ho investi\u010dn\u00edho principu: akcie, kter\u00fdm se v posledn\u00ed dob\u011b da\u0159ilo l\u00e9pe ne\u017e ostatn\u00edm, mohou ve sv\u00e9m r\u016fstu pokra\u010dovat. Nam\u00edsto v\u00fdb\u011bru spole\u010dnost\u00ed p\u0159edev\u0161\u00edm podle jejich ocen\u011bn\u00ed nebo o\u010dek\u00e1van\u00fdch zisk\u016f vyu\u017e\u00edvaj\u00ed tyto fondy systematick\u00e1 pravidla k rozpozn\u00e1n\u00ed siln\u00fdch cenov\u00fdch trend\u016f. Vyu\u017e\u00edv\u00e1n\u00ed tohoto p\u0159\u00edstupu v\u0161ak vy\u017eaduje pravideln\u00e9 \u00fapravy portfolia, kter\u00e9 mohou p\u0159in\u00e1\u0161et dodate\u010dn\u00e9 n\u00e1klady, riziko koncentrace i da\u0148ov\u00e9 d\u016fsledky. Pro investory je proto d\u016fle\u017eit\u00e9 pochopit, jak momentum ETF m\u011b\u0159\u00ed v\u00fdkonnost, vyb\u00edr\u00e1 jednotliv\u00e9 akcie a omezuje n\u00e1klady spojen\u00e9 s obchodov\u00e1n\u00edm.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Co je momentum ETF?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum ETF je burzovn\u011b obchodovan\u00fd fond, kter\u00fd investuje do cenn\u00fdch pap\u00edr\u016f vykazuj\u00edc\u00edch relativn\u011b silnou v\u00fdkonnost v ned\u00e1vn\u00e9m obdob\u00ed. Jeho strategie vych\u00e1z\u00ed z takzvan\u00e9ho momentum faktoru, tedy jevu popsan\u00e9ho ve finan\u010dn\u00edm v\u00fdzkumu, podle n\u011bho\u017e akcie p\u0159ekon\u00e1vaj\u00edc\u00ed sv\u00e9 konkurenty v p\u0159edchoz\u00edch m\u011bs\u00edc\u00edch m\u011bly historicky n\u011bkdy tendenci dosahovat nadpr\u016fm\u011brn\u00fdch v\u00fdsledk\u016f i v n\u00e1sleduj\u00edc\u00edm obdob\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Na rozd\u00edl od tradi\u010dn\u00edch ETF v\u00e1\u017een\u00fdch podle tr\u017en\u00ed kapitalizace, kter\u00e9 p\u0159id\u011bluj\u00ed v\u011bt\u0161\u00ed pod\u00edl spole\u010dnostem s vy\u0161\u0161\u00ed tr\u017en\u00ed hodnotou, momentum ETF systematicky up\u0159ednost\u0148uj\u00ed akcie se siln\u011bj\u0161\u00edmi cenov\u00fdmi trendy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">C\u00edlem p\u0159itom nen\u00ed nutn\u011b naj\u00edt fundament\u00e1ln\u011b podhodnocen\u00e9 spole\u010dnosti. Strategie se m\u00edsto toho sna\u017e\u00ed vyu\u017e\u00edvat p\u0159etrv\u00e1vaj\u00edc\u00edho r\u016fstu akci\u00ed, kter\u00e9 se na trhu dostaly do pop\u0159ed\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159edstavme si nap\u0159\u00edklad situaci, kdy akcie v\u00fdrobc\u016f polovodi\u010d\u016f dlouhodob\u011b posiluj\u00ed. Momentum ETF m\u016f\u017ee postupn\u011b zv\u00fd\u0161it zastoupen\u00ed t\u011bchto spole\u010dnost\u00ed ve sv\u00e9m portfoliu. Pokud v\u0161ak jejich relativn\u00ed v\u00fdkonnost za\u010dne sl\u00e1bnout, fond m\u016f\u017ee p\u0159i dal\u0161\u00ed \u00faprav\u011b portfolia p\u0159\u00edslu\u0161n\u00e9 pozice omezit nebo zcela prodat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pr\u00e1v\u011b t\u00edm se momentum investov\u00e1n\u00ed z\u00e1sadn\u011b li\u0161\u00ed od tradi\u010dn\u00ed strategie n\u00e1kupu a dlouhodob\u00e9ho dr\u017een\u00ed investic. Slo\u017een\u00ed portfolia se m\u011bn\u00ed podle toho, kter\u00e9 spole\u010dnosti aktu\u00e1ln\u011b vykazuj\u00ed nejsiln\u011bj\u0161\u00ed cenov\u00e9 trendy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ne v\u0161echny momentum ETF v\u0161ak postupuj\u00ed stejn\u011b. Jejich v\u00fdsledky se mohou v\u00fdrazn\u011b li\u0161it podle zp\u016fsobu m\u011b\u0159en\u00ed momenta, \u010detnosti \u00faprav portfolia a pravidel omezuj\u00edc\u00edch obchodov\u00e1n\u00ed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mohlo by v\u00e1s zaj\u00edmat: <a href=\"https:\/\/trader-magazine.com\/cs\/akademie\/nemovitostni-etf-jak-investovat-do-realit-prostrednictvim-fondu-reit\/\">Nemovitostn\u00ed ETF: Jak investovat do realit prost\u0159ednictv\u00edm fond\u016f REIT<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">Jak momentum ETF m\u011b\u0159\u00ed v\u00fdkonnost akci\u00ed?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Z\u00e1kladem momentum ETF je syst\u00e9m hodnocen\u00ed, kter\u00fd porovn\u00e1v\u00e1 ned\u00e1vnou v\u00fdkonnost jednotliv\u00fdch akci\u00ed v r\u00e1mci p\u0159edem stanoven\u00e9ho investi\u010dn\u00edho souboru.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V\u011bt\u0161ina zaveden\u00fdch strategi\u00ed sleduje sp\u00ed\u0161e st\u0159edn\u011bdob\u00e9 cenov\u00e9 pohyby ne\u017e kr\u00e1tkodob\u00e9 v\u00fdkyvy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mezi nej\u010dast\u011bji pou\u017e\u00edvan\u00e1 obdob\u00ed pat\u0159\u00ed \u0161est a dvan\u00e1ct m\u011bs\u00edc\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0160estim\u011bs\u00ed\u010dn\u00ed v\u00fdnos zachycuje aktu\u00e1ln\u011bj\u0161\u00ed tr\u017en\u00ed trendy, zat\u00edmco dvan\u00e1ctim\u011bs\u00ed\u010dn\u00ed obdob\u00ed poskytuje \u0161ir\u0161\u00ed pohled na dlouhodob\u011bj\u0161\u00ed v\u00fdvoj ceny akcie.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">N\u011bkter\u00e9 metodiky z v\u00fdpo\u010dtu z\u00e1m\u011brn\u011b vynech\u00e1vaj\u00ed posledn\u00ed m\u011bs\u00edc. Vych\u00e1zej\u00ed toti\u017e z v\u00fdzkumu nazna\u010duj\u00edc\u00edho, \u017ee velmi ned\u00e1vn\u00e9 cenov\u00e9 pohyby mohou m\u00edt tendenci ke kr\u00e1tkodob\u00e9mu obratu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nap\u0159\u00edklad spole\u010dnost&nbsp;<a href=\"https:\/\/www.spglobal.com\/spdji\/en\/education\/article\/momentum-a-practitioners-guide\/\">S&amp;P Dow Jones Indices<\/a>&nbsp;pou\u017e\u00edv\u00e1 dvan\u00e1ctim\u011bs\u00ed\u010dn\u00ed momentum upraven\u00e9 o riziko, p\u0159i\u010dem\u017e posledn\u00ed m\u011bs\u00edc do v\u00fdpo\u010dtu nezahrnuje.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jin\u00e9 metodiky kombinuj\u00ed n\u011bkolik \u010dasov\u00fdch horizont\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum strategie spole\u010dnosti MSCI nap\u0159\u00edklad pracuje se \u0161estim\u011bs\u00ed\u010dn\u00ed a dvan\u00e1ctim\u011bs\u00ed\u010dn\u00ed v\u00fdkonnost\u00ed upravenou o riziko. D\u00edky tomu dok\u00e1\u017ee sou\u010dasn\u011b vyhodnocovat krat\u0161\u00ed i del\u0161\u00ed cenov\u00e9 trendy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pro\u010d je d\u016fle\u017eit\u00e9 zohled\u0148ovat riziko?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Samotn\u00fd r\u016fst ceny je\u0161t\u011b nemus\u00ed znamenat, \u017ee m\u00e1 akcie kvalitn\u00ed investi\u010dn\u00ed momentum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159edstavme si dv\u011b hypotetick\u00e9 spole\u010dnosti. Prvn\u00ed za dvan\u00e1ct m\u011bs\u00edc\u016f pos\u00edlila o 30 % a jej\u00ed cena p\u0159itom rostla relativn\u011b stabiln\u011b. Druh\u00e1 zdra\u017eila o 40 %, ale jej\u00ed akcie b\u011bhem roku za\u017e\u00edvaly v\u00fdrazn\u011b v\u011bt\u0161\u00ed v\u00fdkyvy a n\u011bkolik prudk\u00fdch propad\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategie zalo\u017een\u00e1 v\u00fdhradn\u011b na dosa\u017een\u00e9m v\u00fdnosu by up\u0159ednostnila druhou spole\u010dnost. P\u0159\u00edstup zohled\u0148uj\u00edc\u00ed riziko v\u0161ak m\u016f\u017ee d\u00e1t p\u0159ednost prvn\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jednoduch\u00fd v\u00fdpo\u010det m\u016f\u017ee vypadat n\u00e1sledovn\u011b:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Momentum upraven\u00e9 o riziko = Historick\u00fd v\u00fdnos \u00f7 Ro\u010dn\u00ed volatilita<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Volatilita vyjad\u0159uje, jak v\u00fdrazn\u011b v\u00fdnosy akcie v \u010dase kol\u00edsaj\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Vy\u0161\u0161\u00ed sk\u00f3re obecn\u011b znamen\u00e1, \u017ee akcie dos\u00e1hla siln\u011bj\u0161\u00edho v\u00fdnosu vzhledem k m\u00ed\u0159e kol\u00eds\u00e1n\u00ed sv\u00e9 ceny.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Skute\u010dn\u00e9 momentum indexy v\u0161ak \u010dasto pou\u017e\u00edvaj\u00ed slo\u017eit\u011bj\u0161\u00ed matematick\u00e9 postupy. V\u00fdsledn\u00e9 sk\u00f3re mohou nap\u0159\u00edklad standardizovat nap\u0159\u00ed\u010d sledovan\u00fdmi spole\u010dnostmi nebo stanovovat maxim\u00e1ln\u00ed v\u00e1hu jednotliv\u00fdch akci\u00ed v portfoliu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Praktick\u00fd p\u0159\u00edklad: Jak momentum ETF vyb\u00edr\u00e1 akcie z p\u011bti spole\u010dnost\u00ed<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Abychom pochopili, jak momentum ETF rozhoduje o v\u00fdb\u011bru investic, p\u0159edstavme si p\u011bt fiktivn\u00edch spole\u010dnost\u00ed p\u016fsob\u00edc\u00edch v r\u016fzn\u00fdch odv\u011btv\u00edch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159edpokl\u00e1dejme, \u017ee fond hodnot\u00ed jejich v\u00fdnos za \u0161est a dvan\u00e1ct m\u011bs\u00edc\u016f, p\u0159i\u010dem\u017e ob\u011b sledovan\u00e1 obdob\u00ed kon\u010d\u00ed jeden m\u011bs\u00edc p\u0159ed datem hodnocen\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Model postupuje ve t\u0159ech kroc\u00edch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nejprve vypo\u010d\u00edt\u00e1 historick\u00fd v\u00fdnos za ob\u011b obdob\u00ed. Pot\u00e9 z nich stanov\u00ed pr\u016fm\u011br, p\u0159i\u010dem\u017e ka\u017ed\u00e9mu obdob\u00ed p\u0159id\u011bl\u00ed v\u00e1hu 50 %. Nakonec tento pr\u016fm\u011br vyd\u011bl\u00ed ro\u010dn\u00ed volatilitou p\u0159\u00edslu\u0161n\u00e9 akcie.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V\u00fdsledn\u00fd vzorec tedy vypad\u00e1 n\u00e1sledovn\u011b:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Momentum sk\u00f3re =&nbsp;[(6m\u011bs\u00ed\u010dn\u00ed v\u00fdnos \u00d7 0,5) + (12m\u011bs\u00ed\u010dn\u00ed v\u00fdnos \u00d7 0,5)]&nbsp;\u00f7 Ro\u010dn\u00ed volatilita<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V\u0161echny vstupn\u00ed hodnoty musej\u00ed b\u00fdt vyj\u00e1d\u0159eny ve stejn\u00fdch jednotk\u00e1ch. V\u00fdsledn\u00e9 sk\u00f3re slou\u017e\u00ed k relativn\u00edmu porovn\u00e1n\u00ed akci\u00ed, nikoliv jako p\u0159edpov\u011b\u010f budouc\u00edho v\u00fdnosu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">N\u00e1sleduj\u00edc\u00ed \u00fadaje jsou pouze modelov\u00e9.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. m\u00edsto: Beacon Healthcare<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Spole\u010dnost Beacon Healthcare dos\u00e1hla za \u0161est m\u011bs\u00edc\u016f v\u00fdnosu 21 % a za dvan\u00e1ct m\u011bs\u00edc\u016f 30 %. Jej\u00ed ro\u010dn\u00ed volatilita \u010dinila 18 %.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pr\u016fm\u011brn\u00fd v\u00fdnos dosahuje 25,5 %, co\u017e odpov\u00edd\u00e1 momentum sk\u00f3re&nbsp;<strong>1,42<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159esto\u017ee Beacon nevyk\u00e1zala nejvy\u0161\u0161\u00ed absolutn\u00ed v\u00fdnos, d\u00edky relativn\u011b n\u00edzk\u00e9 volatilit\u011b z\u00edsk\u00e1v\u00e1 nejlep\u0161\u00ed hodnocen\u00ed po zohledn\u011bn\u00ed rizika.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. m\u00edsto: Aster Technology<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Akcie spole\u010dnosti Aster Technology pos\u00edlily za \u0161est m\u011bs\u00edc\u016f o 28 % a za dvan\u00e1ct m\u011bs\u00edc\u016f o 45 %. Ro\u010dn\u00ed volatilita \u010dinila 30 %.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pr\u016fm\u011brn\u00fd v\u00fdnos 36,5 % vytv\u00e1\u0159\u00ed momentum sk\u00f3re&nbsp;<strong>1,22<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spole\u010dnost vykazuje v\u00fdrazn\u00e9 cenov\u00e9 momentum, av\u0161ak vy\u0161\u0161\u00ed volatilita jej\u00ed v\u00fdsledn\u00e9 hodnocen\u00ed sni\u017euje.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. m\u00edsto: Cedar Industrials<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Spole\u010dnost Cedar Industrials dos\u00e1hla \u0161estim\u011bs\u00ed\u010dn\u00edho v\u00fdnosu 16 % a dvan\u00e1ctim\u011bs\u00ed\u010dn\u00edho v\u00fdnosu 25 %.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159i volatilit\u011b 20 % vych\u00e1z\u00ed pr\u016fm\u011brn\u00fd v\u00fdnos na 20,5 % a momentum sk\u00f3re na&nbsp;<strong>1,03<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cedar tak obsazuje t\u0159et\u00ed m\u00edsto, p\u0159esto\u017ee jej\u00ed absolutn\u00ed zhodnocen\u00ed zaost\u00e1v\u00e1 za n\u011bkter\u00fdmi konkurenty.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. m\u00edsto: Delta Energy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Akcie spole\u010dnosti Delta Energy vzrostly za \u0161est m\u011bs\u00edc\u016f o 32 % a za dvan\u00e1ct m\u011bs\u00edc\u016f o 39 %. Jejich ro\u010dn\u00ed volatilita v\u0161ak dosahovala 45 %.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pr\u016fm\u011brn\u00fd v\u00fdnos 35,5 % proto vytv\u00e1\u0159\u00ed momentum sk\u00f3re pouze&nbsp;<strong>0,79<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159esto\u017ee Delta pat\u0159\u00ed mezi spole\u010dnosti s nejvy\u0161\u0161\u00edm absolutn\u00edm zhodnocen\u00edm, kv\u016fli v\u00fdrazn\u011b vy\u0161\u0161\u00ed volatilit\u011b se umis\u0165uje a\u017e za Cedar Industrials.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. m\u00edsto: Elm Utilities<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Spole\u010dnost Elm Utilities zaznamenala \u0161estim\u011bs\u00ed\u010dn\u00ed r\u016fst o 6 % a dvan\u00e1ctim\u011bs\u00ed\u010dn\u00ed r\u016fst o 9 %. Ro\u010dn\u00ed volatilita dos\u00e1hla 12 %.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pr\u016fm\u011brn\u00fd v\u00fdnos 7,5 % tak odpov\u00edd\u00e1 momentum sk\u00f3re&nbsp;<strong>0,63<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A\u010dkoliv jej\u00ed akcie vykazovaly relativn\u011b stabiln\u00ed cenov\u00fd v\u00fdvoj, slab\u0161\u00ed historick\u00e1 v\u00fdkonnost ji za\u0159adila na posledn\u00ed m\u00edsto.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Kter\u00e9 akcie by fond nakoupil?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159edpokl\u00e1dejme, \u017ee pravidla na\u0161eho modelov\u00e9ho ETF umo\u017e\u0148uj\u00ed dr\u017eet pouze t\u0159i nejl\u00e9pe hodnocen\u00e9 spole\u010dnosti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fond by tedy vybral Beacon Healthcare, Aster Technology a Cedar Industrials.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Delta Energy a Elm Utilities by se do portfolia nedostaly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159\u00edklad ukazuje jednu z d\u016fle\u017eit\u00fdch vlastnost\u00ed momentum investov\u00e1n\u00ed:&nbsp;<strong>akcie s nejvy\u0161\u0161\u00edm absolutn\u00edm v\u00fdnosem nemus\u00ed b\u00fdt nejlep\u0161\u00ed investic\u00ed podle strategie, kter\u00e1 sou\u010dasn\u011b zohled\u0148uje volatilitu.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Skute\u010dn\u00e9 momentum ETF obvykle hodnot\u00ed stovky a\u017e tis\u00edce akci\u00ed a mohou p\u0159ihl\u00ed\u017eet tak\u00e9 k tr\u017en\u00ed kapitalizaci, likvidit\u011b, sektorov\u00e9mu zastoupen\u00ed nebo pravidl\u016fm diverzifikace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">N\u00e1\u0161 model pouze ilustruje princip v\u00fdb\u011bru. Neodpov\u00edd\u00e1 p\u0159esn\u00e9 metodice MSCI, S&amp;P ani \u017e\u00e1dn\u00e9ho konkr\u00e9tn\u00edho ETF.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Pro\u010d je pravideln\u00e9 rebalancov\u00e1n\u00ed pro momentum ETF z\u00e1sadn\u00ed?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum se v \u010dase m\u011bn\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Akcie, kter\u00e1 dnes pat\u0159\u00ed mezi nejv\u00fdkonn\u011bj\u0161\u00ed tituly na trhu, m\u016f\u017ee b\u011bhem n\u011bkolika m\u011bs\u00edc\u016f ztratit sv\u00e9 vedouc\u00ed postaven\u00ed. Naopak spole\u010dnosti, kter\u00fdm investo\u0159i dosud nev\u011bnovali velkou pozornost, mohou za\u010d\u00edt vykazovat v\u00fdrazn\u011b siln\u011bj\u0161\u00ed r\u016fst.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bez pravideln\u00e9ho rebalancov\u00e1n\u00ed by se momentum ETF postupn\u011b zm\u011bnilo z portfolia sou\u010dasn\u00fdch tr\u017en\u00edch l\u00eddr\u016f na soubor akci\u00ed, kter\u00fdm se da\u0159ilo p\u0159edev\u0161\u00edm v minulosti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rebalancov\u00e1n\u00ed znamen\u00e1 p\u0159epo\u010d\u00edt\u00e1n\u00ed momentum sk\u00f3re, p\u0159ehodnocen\u00ed st\u00e1vaj\u00edc\u00edch pozic a \u00fapravu jejich vah podle pravidel fondu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u010cetnost t\u011bchto zm\u011bn se mezi jednotliv\u00fdmi indexy li\u0161\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nap\u0159\u00edklad index S&amp;P 500 Momentum Index vyu\u017e\u00edv\u00e1 pololetn\u00ed rebalancov\u00e1n\u00ed, p\u0159i n\u011bm\u017e doch\u00e1z\u00ed k pl\u00e1novan\u00fdm \u00faprav\u00e1m v b\u0159eznu a z\u00e1\u0159\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spole\u010dnost MSCI zavedla pro sv\u00e9 momentum indexy od srpnov\u00e9 revize v roce 2025 \u010dtvrtletn\u00ed rebalancov\u00e1n\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Podle&nbsp;<a href=\"https:\/\/app2.msci.com\/webapp\/index_ann\/DocGet?format=html&amp;lang=en&amp;pub_key=vXBeNkI7Sxg%3D\">ozn\u00e1men\u00ed spole\u010dnosti MSCI<\/a>&nbsp;m\u011bly tyto zm\u011bny zv\u00fd\u0161it schopnost portfoli\u00ed reagovat na v\u00fdvoj trhu a sou\u010dasn\u011b omezovat nadm\u011brn\u00e9 obchodov\u00e1n\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u010cast\u011bj\u0161\u00ed rebalancov\u00e1n\u00ed umo\u017e\u0148uje strategii rychleji zachytit zm\u011bny tr\u017en\u00edch trend\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159in\u00e1\u0161\u00ed v\u0161ak i d\u016fle\u017eit\u00fd kompromis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ka\u017ed\u00e1 \u00faprava portfolia m\u016f\u017ee vy\u017eadovat nov\u00e9 n\u00e1kupy a prodeje, co\u017e zvy\u0161uje n\u00e1klady spojen\u00e9 s realizac\u00ed investi\u010dn\u00ed strategie.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mohlo by v\u00e1s zaj\u00edmat: <a href=\"https:\/\/trader-magazine.com\/cs\/akademie\/co-je-etf-jak-burzovne-obchodovane-fondy-skutecne-funguji\/\">Co je ETF? Jak burzovn\u011b obchodovan\u00e9 fondy skute\u010dn\u011b funguj\u00ed<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">Co znamen\u00e1 obrat portfolia u momentum ETF?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Obrat portfolia, anglicky&nbsp;<em>portfolio turnover<\/em>, vyjad\u0159uje, do jak\u00e9 m\u00edry fond b\u011bhem ur\u010dit\u00e9ho obdob\u00ed obm\u011b\u0148uje sv\u00e9 investice. Nej\u010dast\u011bji se sleduje za jeden rok.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Podle b\u011b\u017en\u00e9 americk\u00e9 metodiky se obrat vypo\u010d\u00edt\u00e1v\u00e1 jako ni\u017e\u0161\u00ed z hodnot n\u00e1kup\u016f a prodej\u016f cenn\u00fdch pap\u00edr\u016f za sledovan\u00e9 obdob\u00ed, vyd\u011blen\u00e1 pr\u016fm\u011brnou hodnotou portfolia. Do v\u00fdpo\u010dtu p\u0159itom vstupuj\u00ed p\u0159\u00edslu\u0161n\u00e1 metodick\u00e1 omezen\u00ed a v\u00fdjimky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pokud fond vyk\u00e1\u017ee ro\u010dn\u00ed obrat 60 %, znamen\u00e1 to, \u017ee vzhledem ke sv\u00e9 pr\u016fm\u011brn\u00e9 velikosti uskute\u010dnil pom\u011brn\u011b rozs\u00e1hl\u00e9 obchody. Nemus\u00ed to ale nutn\u011b znamenat, \u017ee p\u0159esn\u011b 60 % p\u016fvodn\u00edch investic bylo nahrazeno.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum strategie mohou vykazovat pom\u011brn\u011b vysok\u00fd obrat, proto\u017ee jednotliv\u00e9 akcie opakovan\u011b vstupuj\u00ed do portfolia a zase z n\u011bj vystupuj\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159edstavme si fond spravuj\u00edc\u00ed 100 milion\u016f dolar\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159i jednom rebalancov\u00e1n\u00ed prod\u00e1 st\u00e1vaj\u00edc\u00ed investice v hodnot\u011b 15 milion\u016f dolar\u016f a za stejnou \u010d\u00e1stku nakoup\u00ed nov\u00e9 akcie.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Celkov\u00fd objem obchod\u016f tak dos\u00e1hne 30 milion\u016f dolar\u016f. Podle jednostrann\u00e9 metodiky v\u0161ak obrat za tuto \u00fapravu \u010din\u00ed 15 %.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pokud p\u0159edpokl\u00e1d\u00e1me pr\u016fm\u011brn\u00e9 celkov\u00e9 n\u00e1klady na proveden\u00ed obchod\u016f ve v\u00fd\u0161i 0,20 % z obchodovan\u00e9ho objemu, transak\u010dn\u00ed n\u00e1klady dos\u00e1hnou 60 000 dolar\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To odpov\u00edd\u00e1 p\u0159ibli\u017en\u011b 0,06 % p\u016fvodn\u00ed hodnoty portfolia, tedy \u0161esti bazick\u00fdm bod\u016fm, pouze za jedin\u00e9 rebalancov\u00e1n\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159esto\u017ee jde o ilustrativn\u00ed \u010d\u00edsla, ukazuj\u00ed, pro\u010d je obrat portfolia d\u016fle\u017eit\u00fd i u ETF s relativn\u011b n\u00edzk\u00fdm poplatkem za spr\u00e1vu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Jak momentum ETF omezuj\u00ed nadm\u011brn\u00e9 obchodov\u00e1n\u00ed?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Poskytovatel\u00e9 index\u016f si uv\u011bdomuj\u00ed, \u017ee p\u0159\u00edli\u0161 \u010dast\u00e9 obchodov\u00e1n\u00ed m\u016f\u017ee sni\u017eovat v\u00fdhody momentum strategie.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Proto pou\u017e\u00edvaj\u00ed n\u011bkolik mechanism\u016f, kter\u00e9 pom\u00e1haj\u00ed omezovat zbyte\u010dn\u00e9 zm\u011bny portfolia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Toleran\u010dn\u00ed p\u00e1sma p\u0159i v\u00fdb\u011bru akci\u00ed<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Takzvan\u00e1&nbsp;<em>buffer rules<\/em>&nbsp;zabra\u0148uj\u00ed automatick\u00e9mu vy\u0159azen\u00ed st\u00e1vaj\u00edc\u00ed investice pouze proto, \u017ee se jej\u00ed momentum sk\u00f3re m\u00edrn\u011b zhor\u0161ilo.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pokud nap\u0159\u00edklad strategie vyb\u00edr\u00e1 100 nejl\u00e9pe hodnocen\u00fdch akci\u00ed, m\u016f\u017ee umo\u017enit, aby spole\u010dnost nach\u00e1zej\u00edc\u00ed se na 105. m\u00edst\u011b v portfoliu do\u010dasn\u011b z\u016fstala, pokud spl\u0148uje stanoven\u00e9 podm\u00ednky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">T\u00edm se sni\u017euje po\u010det zbyte\u010dn\u00fdch obchod\u016f zp\u016fsoben\u00fdch mal\u00fdmi zm\u011bnami v po\u0159ad\u00ed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Postupn\u00e9 rebalancov\u00e1n\u00ed<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Nam\u00edsto okam\u017eit\u00e9ho p\u0159esunu v\u0161ech pozic na nov\u011b vypo\u010d\u00edtan\u00e9 c\u00edlov\u00e9 v\u00e1hy mohou n\u011bkter\u00e9 metodiky prov\u00e1d\u011bt zm\u011bny postupn\u011b.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MSCI nap\u0159\u00edklad v r\u00e1mci \u00faprav metodiky momentum index\u016f v roce 2025 p\u0159edstavila mechanismus \u010d\u00e1ste\u010dn\u00e9ho p\u0159izp\u016fsoben\u00ed vah. U p\u0159\u00edslu\u0161n\u00fdch zm\u011bn se portfolio p\u0159i ka\u017ed\u00e9 revizi zpravidla posune pouze o polovinu rozd\u00edlu mezi st\u00e1vaj\u00edc\u00ed a nov\u011b vypo\u010d\u00edtanou v\u00e1hou.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tento p\u0159\u00edstup pom\u00e1h\u00e1 vyva\u017eovat schopnost reagovat na v\u00fdvoj trhu s n\u00e1klady na obchodov\u00e1n\u00ed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Omezen\u00ed likvidity a velikosti pozic<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum indexy mohou tak\u00e9 omezovat investice do m\u00e9n\u011b likvidn\u00edch akci\u00ed nebo stanovovat maxim\u00e1ln\u00ed pod\u00edl jednotliv\u00fdch spole\u010dnost\u00ed v portfoliu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Takov\u00e1 pravidla sni\u017euj\u00ed riziko v\u00fdrazn\u00e9ho ovlivn\u011bn\u00ed tr\u017en\u00ed ceny p\u0159i obchodov\u00e1n\u00ed a zabra\u0148uj\u00ed nadm\u011brn\u00e9 z\u00e1vislosti na mal\u00e9m po\u010dtu titul\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I zde v\u0161ak existuje kompromis. Omezen\u00ed obchodov\u00e1n\u00ed nebo koncentrace m\u016f\u017ee znamenat, \u017ee fond nebude schopen v pln\u00e9 m\u00ed\u0159e vyu\u017e\u00edt nejsiln\u011bj\u0161\u00ed momentum sign\u00e1ly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Kde vznikaj\u00ed obchodn\u00ed n\u00e1klady a da\u0148ov\u00e1 z\u00e1t\u011b\u017e?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Ro\u010dn\u00ed n\u00e1kladovost fondu, ozna\u010dovan\u00e1 jako&nbsp;<em>expense ratio<\/em>, p\u0159edstavuje pouze jednu \u010d\u00e1st skute\u010dn\u00fdch n\u00e1klad\u016f spojen\u00fdch s investov\u00e1n\u00edm do momentum ETF.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I fond s n\u00edzk\u00fdm poplatkem za spr\u00e1vu m\u016f\u017ee n\u00e9st v\u00fdznamn\u00e9 transak\u010dn\u00ed n\u00e1klady.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159i n\u00e1kupu nebo prodeji cenn\u00fdch pap\u00edr\u016f mohou vznikat brokersk\u00e9 poplatky, n\u00e1klady souvisej\u00edc\u00ed s rozd\u00edlem mezi n\u00e1kupn\u00ed a prodejn\u00ed cenou (<em>bid-ask spread<\/em>) nebo n\u00e1klady zp\u016fsoben\u00e9 samotn\u00fdm dopadem obchod\u016f na tr\u017en\u00ed cenu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Posledn\u00ed z uveden\u00fdch faktor\u016f je obzvl\u00e1\u0161\u0165 d\u016fle\u017eit\u00fd v situaci, kdy velk\u00fd fond pot\u0159ebuje nakoupit nebo prodat zna\u010dn\u00fd objem akci\u00ed s omezenou likviditou.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tyto n\u00e1klady ovliv\u0148uj\u00ed v\u00fdslednou v\u00fdkonnost fondu, p\u0159esto\u017ee nemus\u00ed b\u00fdt zahrnuty do zve\u0159ej\u0148ovan\u00e9ho ro\u010dn\u00edho poplatku za spr\u00e1vu.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Da\u0148ov\u00e9 d\u016fsledky rebalancov\u00e1n\u00ed<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Dal\u0161\u00ed potenci\u00e1ln\u00ed komplikac\u00ed je da\u0148ov\u00e1 z\u00e1t\u011b\u017e, zejm\u00e9na u investor\u016f dr\u017e\u00edc\u00edch ETF na \u00fa\u010dtech, na kter\u00fdch se uplat\u0148uje zdan\u011bn\u00ed investi\u010dn\u00edch p\u0159\u00edjm\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kdy\u017e fond prod\u00e1v\u00e1 akcie, jejich\u017e hodnota vzrostla, m\u016f\u017ee realizovat kapit\u00e1lov\u00fd zisk. V z\u00e1vislosti na pr\u00e1vn\u00ed struktu\u0159e fondu, zp\u016fsobu proveden\u00ed transakc\u00ed a p\u0159\u00edslu\u0161n\u00fdch da\u0148ov\u00fdch p\u0159edpisech mohou takov\u00e9 zisky v\u00e9st ke zdaniteln\u00fdm v\u00fdplat\u00e1m investor\u016fm.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ve Spojen\u00fdch st\u00e1tech maj\u00ed mnoh\u00e1 ETF v\u00fdznamnou struktur\u00e1ln\u00ed v\u00fdhodu. Autorizovan\u00ed \u00fa\u010dastn\u00edci trhu mohou vytv\u00e1\u0159et nebo odkupovat pod\u00edlov\u00e9 jednotky ETF prost\u0159ednictv\u00edm takzvan\u00fdch&nbsp;<em>in-kind<\/em>&nbsp;transakc\u00ed, p\u0159i nich\u017e se p\u0159ev\u00e1d\u011bj\u00ed ko\u0161e cenn\u00fdch pap\u00edr\u016f nam\u00edsto hotovosti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tento mechanismus m\u016f\u017ee fond\u016fm pom\u00e1hat spravovat portfolio bez nutnosti prod\u00e1vat cenn\u00e9 pap\u00edry za hotovost a potenci\u00e1ln\u011b realizovat zdaniteln\u00e9 kapit\u00e1lov\u00e9 zisky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jak vysv\u011btluje&nbsp;<a href=\"https:\/\/www.investor.gov\/introduction-investing\/general-resources\/news-alerts\/alerts-bulletins\/investor-bulletins-24\">americk\u00e1 Komise pro cenn\u00e9 pap\u00edry a burzy (SEC)<\/a>, ETF proto mohou b\u00fdt da\u0148ov\u011b efektivn\u011bj\u0161\u00ed ne\u017e srovnateln\u00e9 tradi\u010dn\u00ed pod\u00edlov\u00e9 fondy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tato v\u00fdhoda v\u0161ak neznamen\u00e1, \u017ee investov\u00e1n\u00ed do ETF je zcela osvobozeno od dan\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fond m\u016f\u017ee st\u00e1le vypl\u00e1cet zdaniteln\u00e9 p\u0159\u00edjmy nebo kapit\u00e1lov\u00e9 zisky a investorovi m\u016f\u017ee vzniknout da\u0148ov\u00e1 povinnost tak\u00e9 p\u0159i prodeji vlastn\u00edch pod\u00edl\u016f v ETF se ziskem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Da\u0148ov\u00e9 zach\u00e1zen\u00ed se nav\u00edc v\u00fdrazn\u011b li\u0161\u00ed podle jurisdikce a pr\u00e1vn\u00ed struktury fondu. Nap\u0159\u00edklad u evropsk\u00fdch UCITS ETF nelze automaticky p\u0159edpokl\u00e1dat stejn\u00e1 pravidla distribuce v\u00fdnos\u016f a zdan\u011bn\u00ed jako u fond\u016f domicilovan\u00fdch ve Spojen\u00fdch st\u00e1tech.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pro investory je proto nakonec rozhoduj\u00edc\u00ed&nbsp;<strong>v\u00fdkonnost po ode\u010dten\u00ed n\u00e1klad\u016f a p\u0159\u00edslu\u0161n\u00fdch dan\u00ed<\/strong>, nikoliv pouze v\u00fdnos podkladov\u00e9ho momentum indexu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Jak\u00e1 jsou hlavn\u00ed rizika momentum ETF?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum investov\u00e1n\u00ed m\u00e1 historicky zdokumentovan\u00e9 z\u00e1klady, av\u0161ak strategie nefunguje stejn\u011b dob\u0159e ve v\u0161ech tr\u017en\u00edch podm\u00ednk\u00e1ch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jedn\u00edm z nejv\u00fdznamn\u011bj\u0161\u00edch rizik jsou n\u00e1hl\u00e9 obraty dosavadn\u00edch trend\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159edstavme si del\u0161\u00ed obdob\u00ed, b\u011bhem n\u011bho\u017e technologick\u00e9 spole\u010dnosti p\u0159ekon\u00e1vaj\u00ed defenzivn\u00ed sektory.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum ETF m\u016f\u017ee postupn\u011b z\u00edskat v\u00fdraznou expozici v\u016f\u010di technologick\u00fdm akci\u00edm. Pokud se v\u0161ak n\u00e1lada investor\u016f n\u00e1hle zm\u011bn\u00ed a dosud zaost\u00e1vaj\u00edc\u00ed sektory za\u010dnou prudce posilovat, fond m\u016f\u017ee zaznamenat v\u00fdrazn\u00e9 relativn\u00ed ztr\u00e1ty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tento jev se \u010dasto ozna\u010duje jako&nbsp;<em>momentum crash<\/em>, tedy prudk\u00fd propad momentum strategie.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V\u00fdzkum zam\u011b\u0159en\u00fd na&nbsp;<a href=\"https:\/\/www.aqr.com\/insights\/research\/journal-article\/momentum-crashes\">prudk\u00e9 propady momentum strategi\u00ed<\/a>&nbsp;ukazuje, jak mohou rychl\u00e9 zm\u011bny tr\u017en\u00edch trend\u016f negativn\u011b ovliv\u0148ovat strategie zalo\u017een\u00e9 na ned\u00e1vn\u00fdch v\u00edt\u011bz\u00edch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dal\u0161\u00edm rizikem je koncentrace portfolia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I kdy\u017e ETF dr\u017e\u00ed des\u00edtky nebo stovky akci\u00ed, mohou tyto spole\u010dnosti p\u016fsobit ve stejn\u00fdch odv\u011btv\u00edch, podobn\u011b reagovat na ekonomick\u00e9 podm\u00ednky nebo vykazovat srovnateln\u00e9 charakteristiky ocen\u011bn\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum strategie mohou m\u00edt probl\u00e9my tak\u00e9 na volatiln\u00edch trz\u00edch bez jednozna\u010dn\u00e9ho sm\u011bru. V takov\u00fdch podm\u00ednk\u00e1ch se akcie opakovan\u011b st\u0159\u00eddaj\u00ed mezi v\u00edt\u011bzi a pora\u017een\u00fdmi, ani\u017e by se vytvo\u0159il dlouhodob\u011bj\u0161\u00ed trend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u010cast\u00e9 zm\u011bny sm\u011bru mohou nav\u00edc zvy\u0161ovat obrat portfolia pr\u00e1v\u011b v obdob\u00ed, kdy strategie obt\u00ed\u017en\u011b dosahuje kladn\u00fdch v\u00fdnos\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum investov\u00e1n\u00ed je tak\u00e9 ze sv\u00e9 podstaty zalo\u017eeno na minul\u00fdch datech. Siln\u00e9 historick\u00e9 sk\u00f3re neznamen\u00e1, \u017ee je spole\u010dnost atraktivn\u011b ocen\u011bn\u00e1 nebo \u017ee jej\u00ed budouc\u00ed zisky ospravedln\u00ed aktu\u00e1ln\u00ed cenu akci\u00ed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Podle \u010deho vyb\u00edrat momentum ETF?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Dva fondy ozna\u010dovan\u00e9 jako momentum ETF mohou m\u00edt v\u00fdrazn\u011b odli\u0161n\u00e1 portfolia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investo\u0159i by proto m\u011bli za\u010d\u00edt prostudov\u00e1n\u00edm metodiky podkladov\u00e9ho indexu, nikoliv se rozhodovat pouze podle historick\u00e9 v\u00fdkonnosti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zvl\u00e1\u0161\u0165 d\u016fle\u017eit\u00e9 je sledovan\u00e9 obdob\u00ed. Fond, kter\u00fd klade v\u011bt\u0161\u00ed d\u016fraz na kr\u00e1tkodob\u011bj\u0161\u00ed v\u00fdkonnost, m\u016f\u017ee na zm\u011bny tr\u017en\u00edch trend\u016f reagovat rychleji ne\u017e strategie vych\u00e1zej\u00edc\u00ed z del\u0161\u00edho \u010dasov\u00e9ho horizontu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V\u00fdznam m\u00e1 tak\u00e9 zp\u016fsob zohledn\u011bn\u00ed rizika. Strategie zalo\u017een\u00e9 na samotn\u00fdch v\u00fdnosech se mohou v\u00fdrazn\u011b li\u0161it od metodik, kter\u00e9 penalizuj\u00ed vysokou volatilitu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Podobnou pozornost si zaslou\u017e\u00ed \u010detnost rebalancov\u00e1n\u00ed, pravidla pro omezen\u00ed obratu portfolia a limity jednotliv\u00fdch pozic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investor by m\u011bl zkontrolovat tak\u00e9 vykazovan\u00fd obrat portfolia, ro\u010dn\u00ed n\u00e1kladovost ETF, historick\u00fd rozd\u00edl mezi v\u00fdkonnost\u00ed fondu a jeho benchmarku a dostupn\u00e9 informace o p\u0159\u00edpadn\u00fdch v\u00fdplat\u00e1ch kapit\u00e1lov\u00fdch zisk\u016f \u010di dal\u0161\u00edch da\u0148ov\u00fdch d\u016fsledc\u00edch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zvl\u00e1\u0161\u0165 u\u017eite\u010dn\u00fd je ukazatel&nbsp;<em>tracking difference<\/em>, kter\u00fd vyjad\u0159uje rozd\u00edl mezi skute\u010dn\u00fdm v\u00fdnosem fondu a v\u00fdnosem jeho referen\u010dn\u00edho indexu za ur\u010dit\u00e9 obdob\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tento rozd\u00edl m\u016f\u017ee odr\u00e1\u017eet poplatky za spr\u00e1vu, transak\u010dn\u00ed n\u00e1klady, sr\u00e1\u017ekov\u00e9 dan\u011b, p\u0159\u00edjmy z p\u016fj\u010dov\u00e1n\u00ed cenn\u00fdch pap\u00edr\u016f i dal\u0161\u00ed faktory souvisej\u00edc\u00ed s provozem fondu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Vyplat\u00ed se rovn\u011b\u017e prostudovat nejv\u011bt\u0161\u00ed pozice ETF a rozlo\u017een\u00ed investic mezi jednotliv\u00e1 odv\u011btv\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum ETF s vysok\u00fdm zastoupen\u00edm jednoho sektoru toti\u017e nemus\u00ed poskytovat takovou diverzifikaci, jakou by nazna\u010doval samotn\u00fd po\u010det dr\u017een\u00fdch akci\u00ed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V neposledn\u00ed \u0159ad\u011b by m\u011bl investor zv\u00e1\u017eit, zda fond vhodn\u011b dopl\u0148uje jeho st\u00e1vaj\u00edc\u00ed portfolio. Momentum strategie se mohou v n\u011bkter\u00fdch obdob\u00edch v\u00fdrazn\u011b p\u0159ekr\u00fdvat s r\u016fstov\u011b orientovan\u00fdmi investicemi, zejm\u00e9na kdy\u017e tr\u017en\u00edmu r\u016fstu dominuj\u00ed rychle zdra\u017euj\u00edc\u00ed spole\u010dnosti s vysok\u00fdm ocen\u011bn\u00edm.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Vyplat\u00ed se momentum ETF dlouhodob\u00fdm investor\u016fm?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum ETF nab\u00edzej\u00ed systematick\u00fd zp\u016fsob, jak investovat do zaveden\u00fdch tr\u017en\u00edch trend\u016f, ani\u017e by investor musel jednotliv\u00e9 akcie s\u00e1m vyb\u00edrat a aktivn\u011b obchodovat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jejich hlavn\u00ed v\u00fdhodou je disciplinovan\u00fd v\u00fdb\u011br spole\u010dnost\u00ed a schopnost p\u0159izp\u016fsobovat portfolio zm\u011bn\u00e1m tr\u017en\u00edch l\u00eddr\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum v\u0161ak nen\u00ed strategi\u00ed, kter\u00e1 by zaru\u010dovala dlouhodob\u011b nadpr\u016fm\u011brn\u00e9 v\u00fdnosy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">M\u016f\u017ee proch\u00e1zet dlouh\u00fdmi obdob\u00edmi slab\u0161\u00ed v\u00fdkonnosti, utrp\u011bt v\u00fdrazn\u00e9 ztr\u00e1ty p\u0159i n\u00e1hl\u00fdch tr\u017en\u00edch obratech a vytv\u00e1\u0159et dodate\u010dn\u00e9 n\u00e1klady kv\u016fli pravideln\u00fdm \u00faprav\u00e1m portfolia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pro dlouhodob\u00e9 investory proto m\u016f\u017ee momentum ETF p\u0159edstavovat dopl\u0148kovou slo\u017eku portfolia vedle \u0161ir\u0161\u00edch akciov\u00fdch investic, nikoliv automatickou n\u00e1hradu diverzifikovan\u00e9ho z\u00e1kladu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rozhoduj\u00edc\u00ed ot\u00e1zkou je, zda fond dok\u00e1\u017ee vyu\u017e\u00edt potenci\u00e1ln\u00ed v\u00fdhody momentum faktoru natolik, aby kompenzoval poplatky, obchodn\u00ed n\u00e1klady, investi\u010dn\u00ed rizika a p\u0159\u00edpadn\u00e9 dan\u011b.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00dasp\u011bch momentum ETF nakonec nez\u00e1vis\u00ed pouze na tom, jak p\u0159esn\u011b dok\u00e1\u017ee identifikovat v\u00edt\u011bzn\u00e9 akcie, ale tak\u00e9 na tom, jak efektivn\u011b zvl\u00e1d\u00e1 p\u0159echod od v\u010derej\u0161\u00edch v\u00edt\u011bz\u016f k budouc\u00edmu slo\u017een\u00ed portfolia.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Momentum ETF vych\u00e1zej\u00ed z jednoduch\u00e9ho investi\u010dn\u00edho principu: akcie, kter\u00fdm se v posledn\u00ed dob\u011b da\u0159ilo l\u00e9pe ne\u017e ostatn\u00edm, mohou ve sv\u00e9m r\u016fstu pokra\u010dovat. Nam\u00edsto v\u00fdb\u011bru spole\u010dnost\u00ed p\u0159edev\u0161\u00edm podle jejich ocen\u011bn\u00ed nebo o\u010dek\u00e1van\u00fdch zisk\u016f vyu\u017e\u00edvaj\u00ed tyto fondy systematick\u00e1 pravidla k rozpozn\u00e1n\u00ed siln\u00fdch cenov\u00fdch trend\u016f. Vyu\u017e\u00edv\u00e1n\u00ed tohoto p\u0159\u00edstupu v\u0161ak vy\u017eaduje pravideln\u00e9 \u00fapravy portfolia, kter\u00e9 mohou p\u0159in\u00e1\u0161et dodate\u010dn\u00e9 n\u00e1klady, [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":90850,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[250],"tags":[5568,6170,6611],"class_list":["post-90869","post","type-post","status-publish","format-standard","has-post-thumbnail","category-akciove-trhy","tag-akciove-trhy","tag-etf","tag-momentum-etf"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"\u0160imon Hauser\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 5.0.4\" \/>\n\t\t<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n\t\t<meta property=\"og:site_name\" content=\"ForexMag\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?\" \/>\n\t\t<meta property=\"og:description\" content=\"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-11-02T16:09:56+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-11-02T16:09:59+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#article\",\"name\":\"Momentum ETF: Jak vyb\\u00edraj\\u00ed v\\u00edt\\u011bzn\\u00e9 akcie a vyd\\u011bl\\u00e1vaj\\u00ed?\",\"headline\":\"Momentum ETF: Jak strategie vyb\\u00edr\\u00e1 v\\u00edt\\u011bzn\\u00e9 akcie a pro\\u010d z\\u00e1le\\u017e\\u00ed na pravideln\\u00fdch zm\\u011bn\\u00e1ch portfolia\",\"author\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/author\\\/sh\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/trader-magazine.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/AdobeStock_513699145.jpeg\",\"width\":1920,\"height\":1080,\"caption\":\"Illustrative picture.\"},\"datePublished\":\"2026-11-02T17:09:56+01:00\",\"dateModified\":\"2026-11-02T17:09:59+01:00\",\"inLanguage\":\"cs-CZ\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#webpage\"},\"articleSection\":\"Akciov\\u00e9 trhy, Akciov\\u00e9 trhy, ETF, momentum ETF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/category\\\/akciove-trhy\\\/#listItem\",\"name\":\"Akciov\\u00e9 trhy\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/category\\\/akciove-trhy\\\/#listItem\",\"position\":2,\"name\":\"Akciov\\u00e9 trhy\",\"item\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/category\\\/akciove-trhy\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#listItem\",\"name\":\"Momentum ETF: Jak strategie vyb\\u00edr\\u00e1 v\\u00edt\\u011bzn\\u00e9 akcie a pro\\u010d z\\u00e1le\\u017e\\u00ed na pravideln\\u00fdch zm\\u011bn\\u00e1ch portfolia\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#listItem\",\"position\":3,\"name\":\"Momentum ETF: Jak strategie vyb\\u00edr\\u00e1 v\\u00edt\\u011bzn\\u00e9 akcie a pro\\u010d z\\u00e1le\\u017e\\u00ed na pravideln\\u00fdch zm\\u011bn\\u00e1ch portfolia\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/category\\\/akciove-trhy\\\/#listItem\",\"name\":\"Akciov\\u00e9 trhy\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/#organization\",\"name\":\"Trader-Magazine.com\",\"description\":\"Mezin\\u00e1rodn\\u00ed port\\u00e1l finan\\u010dn\\u00edho vzd\\u011bl\\u00e1v\\u00e1n\\u00ed se zam\\u011b\\u0159en\\u00edm na investice. V sou\\u010dasn\\u00e9 dob\\u011b vych\\u00e1z\\u00ed v 6 jazykov\\u00fdch verz\\u00edch a p\\u0159in\\u00e1\\u0161\\u00ed denn\\u011b aktualizovan\\u00e9 zpr\\u00e1vy, recenze, varov\\u00e1n\\u00ed a vzd\\u011bl\\u00e1vac\\u00ed \\u010dl\\u00e1nky relevantn\\u00ed pro investory z cel\\u00e9ho sv\\u011bta.\",\"url\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/\",\"email\":\"info@trader-magazine.com\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/trader-magazine.com\\\/wp-content\\\/uploads\\\/2026\\\/01\\\/logo_logo4-B-kopie.png\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#organizationLogo\",\"width\":1586,\"height\":555},\"image\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/author\\\/sh\\\/#author\",\"url\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/author\\\/sh\\\/\",\"name\":\"\\u0160imon Hauser\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/imon-hauser-28382622a\"],\"description\":\"Editor and Financial Market Analyst focusing on Fintech and Digitalization \\u0160imon Hauser is a prominent Czech journalist and analyst dedicated to the long-term evolution of global capital markets, investing, and technological innovation within the financial sector. As a key editor for the professional portal Trader-Magazine.com, he focuses on the transformation of the financial industry in the digital era and the growing role of fintech. In his analyses and articles, \\u0160imon focuses on:   Investment Strategies: Helping retail investors navigate complex economic events.   Cryptocurrencies and Web3: Tracking the adoption of digital assets and their integration into traditional portfolios.   Technological Innovation: Analyzing how AI and emerging technologies are reshaping the relationship between people, money, and markets.   Professional Experience and Education \\u0160imon built his professional foundation by studying journalism at Palack\\u00fd University Olomouc (UPOL). Before joining Trader-Magazine.com, he gained valuable experience at the marketing magazine Marketing &amp; Media, where he specialized in social media and influencer marketing\\u2014skills he now applies to analyzing market sentiment and investor behavior. His broad perspective is further complemented by previous collaboration with the lifestyle magazine LUI, where he covered social issues and culture. Author\\u2019s Mission \\u0160imon\\u2019s goal is to demystify complex economic concepts and explain them within broader social contexts. He believes that the clear interpretation of data is the key to successful investing in the 21st century.\",\"knowsLanguage\":[\"English\",\"Czech\"]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#webpage\",\"url\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/\",\"name\":\"Momentum ETF: Jak vyb\\u00edraj\\u00ed v\\u00edt\\u011bzn\\u00e9 akcie a vyd\\u011bl\\u00e1vaj\\u00ed?\",\"description\":\"Co jsou momentum ETF a jak funguj\\u00ed? Zjist\\u011bte, podle \\u010deho vyb\\u00edraj\\u00ed rostouc\\u00ed akcie, pro\\u010d pravideln\\u011b m\\u011bn\\u00ed portfolio a jak\\u00e1 rizika p\\u0159in\\u00e1\\u0161ej\\u00ed.\",\"inLanguage\":\"cs-CZ\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/author\\\/sh\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/author\\\/sh\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/trader-magazine.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/AdobeStock_513699145.jpeg\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#mainImage\",\"width\":1920,\"height\":1080,\"caption\":\"Illustrative picture.\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/akciove-trhy\\\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\\\/#mainImage\"},\"datePublished\":\"2026-11-02T17:09:56+01:00\",\"dateModified\":\"2026-11-02T17:09:59+01:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/#website\",\"url\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/\",\"name\":\"Trader Magazine\",\"description\":\"Online magazine about events in the world of investments, Forex and Finacials\",\"inLanguage\":\"cs-CZ\",\"publisher\":{\"@id\":\"https:\\\/\\\/trader-magazine.com\\\/cs\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO Pro -->\r\n\t\t<title>Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?<\/title>\n\n","aioseo_head_json":{"title":"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?","description":"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.","canonical_url":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#article","name":"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?","headline":"Momentum ETF: Jak strategie vyb\u00edr\u00e1 v\u00edt\u011bzn\u00e9 akcie a pro\u010d z\u00e1le\u017e\u00ed na pravideln\u00fdch zm\u011bn\u00e1ch portfolia","author":{"@id":"https:\/\/trader-magazine.com\/cs\/author\/sh\/#author"},"publisher":{"@id":"https:\/\/trader-magazine.com\/cs\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/trader-magazine.com\/wp-content\/uploads\/2026\/11\/AdobeStock_513699145.jpeg","width":1920,"height":1080,"caption":"Illustrative picture."},"datePublished":"2026-11-02T17:09:56+01:00","dateModified":"2026-11-02T17:09:59+01:00","inLanguage":"cs-CZ","mainEntityOfPage":{"@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#webpage"},"isPartOf":{"@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#webpage"},"articleSection":"Akciov\u00e9 trhy, Akciov\u00e9 trhy, ETF, momentum ETF"},{"@type":"BreadcrumbList","@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/trader-magazine.com\/cs\/#listItem","position":1,"name":"Home","item":"https:\/\/trader-magazine.com\/cs\/","nextItem":{"@type":"ListItem","@id":"https:\/\/trader-magazine.com\/cs\/category\/akciove-trhy\/#listItem","name":"Akciov\u00e9 trhy"}},{"@type":"ListItem","@id":"https:\/\/trader-magazine.com\/cs\/category\/akciove-trhy\/#listItem","position":2,"name":"Akciov\u00e9 trhy","item":"https:\/\/trader-magazine.com\/cs\/category\/akciove-trhy\/","nextItem":{"@type":"ListItem","@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#listItem","name":"Momentum ETF: Jak strategie vyb\u00edr\u00e1 v\u00edt\u011bzn\u00e9 akcie a pro\u010d z\u00e1le\u017e\u00ed na pravideln\u00fdch zm\u011bn\u00e1ch portfolia"},"previousItem":{"@type":"ListItem","@id":"https:\/\/trader-magazine.com\/cs\/#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#listItem","position":3,"name":"Momentum ETF: Jak strategie vyb\u00edr\u00e1 v\u00edt\u011bzn\u00e9 akcie a pro\u010d z\u00e1le\u017e\u00ed na pravideln\u00fdch zm\u011bn\u00e1ch portfolia","previousItem":{"@type":"ListItem","@id":"https:\/\/trader-magazine.com\/cs\/category\/akciove-trhy\/#listItem","name":"Akciov\u00e9 trhy"}}]},{"@type":"Organization","@id":"https:\/\/trader-magazine.com\/cs\/#organization","name":"Trader-Magazine.com","description":"Mezin\u00e1rodn\u00ed port\u00e1l finan\u010dn\u00edho vzd\u011bl\u00e1v\u00e1n\u00ed se zam\u011b\u0159en\u00edm na investice. V sou\u010dasn\u00e9 dob\u011b vych\u00e1z\u00ed v 6 jazykov\u00fdch verz\u00edch a p\u0159in\u00e1\u0161\u00ed denn\u011b aktualizovan\u00e9 zpr\u00e1vy, recenze, varov\u00e1n\u00ed a vzd\u011bl\u00e1vac\u00ed \u010dl\u00e1nky relevantn\u00ed pro investory z cel\u00e9ho sv\u011bta.","url":"https:\/\/trader-magazine.com\/cs\/","email":"info@trader-magazine.com","logo":{"@type":"ImageObject","url":"https:\/\/trader-magazine.com\/wp-content\/uploads\/2026\/01\/logo_logo4-B-kopie.png","@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#organizationLogo","width":1586,"height":555},"image":{"@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/trader-magazine.com\/cs\/author\/sh\/#author","url":"https:\/\/trader-magazine.com\/cs\/author\/sh\/","name":"\u0160imon Hauser","sameAs":["https:\/\/www.linkedin.com\/in\/imon-hauser-28382622a"],"description":"Editor and Financial Market Analyst focusing on Fintech and Digitalization \u0160imon Hauser is a prominent Czech journalist and analyst dedicated to the long-term evolution of global capital markets, investing, and technological innovation within the financial sector. As a key editor for the professional portal Trader-Magazine.com, he focuses on the transformation of the financial industry in the digital era and the growing role of fintech. In his analyses and articles, \u0160imon focuses on:   Investment Strategies: Helping retail investors navigate complex economic events.   Cryptocurrencies and Web3: Tracking the adoption of digital assets and their integration into traditional portfolios.   Technological Innovation: Analyzing how AI and emerging technologies are reshaping the relationship between people, money, and markets.   Professional Experience and Education \u0160imon built his professional foundation by studying journalism at Palack\u00fd University Olomouc (UPOL). Before joining Trader-Magazine.com, he gained valuable experience at the marketing magazine Marketing &amp; Media, where he specialized in social media and influencer marketing\u2014skills he now applies to analyzing market sentiment and investor behavior. His broad perspective is further complemented by previous collaboration with the lifestyle magazine LUI, where he covered social issues and culture. Author\u2019s Mission \u0160imon\u2019s goal is to demystify complex economic concepts and explain them within broader social contexts. He believes that the clear interpretation of data is the key to successful investing in the 21st century.","knowsLanguage":["English","Czech"]},{"@type":"WebPage","@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#webpage","url":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/","name":"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?","description":"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.","inLanguage":"cs-CZ","isPartOf":{"@id":"https:\/\/trader-magazine.com\/cs\/#website"},"breadcrumb":{"@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#breadcrumblist"},"author":{"@id":"https:\/\/trader-magazine.com\/cs\/author\/sh\/#author"},"creator":{"@id":"https:\/\/trader-magazine.com\/cs\/author\/sh\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/trader-magazine.com\/wp-content\/uploads\/2026\/11\/AdobeStock_513699145.jpeg","@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#mainImage","width":1920,"height":1080,"caption":"Illustrative picture."},"primaryImageOfPage":{"@id":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/#mainImage"},"datePublished":"2026-11-02T17:09:56+01:00","dateModified":"2026-11-02T17:09:59+01:00"},{"@type":"WebSite","@id":"https:\/\/trader-magazine.com\/cs\/#website","url":"https:\/\/trader-magazine.com\/cs\/","name":"Trader Magazine","description":"Online magazine about events in the world of investments, Forex and Finacials","inLanguage":"cs-CZ","publisher":{"@id":"https:\/\/trader-magazine.com\/cs\/#organization"}}]},"og:locale":"cs_CZ","og:site_name":"ForexMag","og:type":"article","og:title":"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?","og:description":"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.","og:url":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/","article:published_time":"2026-11-02T16:09:56+00:00","article:modified_time":"2026-11-02T16:09:59+00:00","twitter:card":"summary","twitter:title":"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?","twitter:description":"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed."},"aioseo_meta_data":{"post_id":"90869","title":"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?","description":"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.","keywords":null,"keyphrases":{"focus":{"keyphrase":"momentum ETF","score":0,"analysis":[]},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"Article","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"seo_analyzer_scan_date":"2026-11-02 16:12:12","breadcrumb_settings":null,"limit_modified_date":false,"reviewed_by":"0","open_ai":null,"ai":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2026-11-02 16:04:31","updated":"2026-11-02 16:18:15","focus_keyword":"momentum ETF","additional_keywords":null,"truseo_locale":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/trader-magazine.com\/cs\/\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/trader-magazine.com\/cs\/category\/akciove-trhy\/\" title=\"Akciov\u00e9 trhy\">Akciov\u00e9 trhy<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\tMomentum ETF: Jak strategie vyb\u00edr\u00e1 v\u00edt\u011bzn\u00e9 akcie a pro\u010d z\u00e1le\u017e\u00ed na pravideln\u00fdch zm\u011bn\u00e1ch portfolia\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/trader-magazine.com\/cs\/"},{"label":"Akciov\u00e9 trhy","link":"https:\/\/trader-magazine.com\/cs\/category\/akciove-trhy\/"},{"label":"Momentum ETF: Jak strategie vyb\u00edr\u00e1 v\u00edt\u011bzn\u00e9 akcie a pro\u010d z\u00e1le\u017e\u00ed na pravideln\u00fdch zm\u011bn\u00e1ch portfolia","link":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/momentum-etf-jak-strategie-vybira-vitezne-akcie-a-proc-zalezi-na-pravidelnych-zmenach-portfolia\/"}],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"Momentum ETF: Jak vyb\u00edraj\u00ed v\u00edt\u011bzn\u00e9 akcie a vyd\u011bl\u00e1vaj\u00ed?","meta_description":"Co jsou momentum ETF a jak funguj\u00ed? Zjist\u011bte, podle \u010deho vyb\u00edraj\u00ed rostouc\u00ed akcie, pro\u010d pravideln\u011b m\u011bn\u00ed portfolio a jak\u00e1 rizika p\u0159in\u00e1\u0161ej\u00ed.","focus_keyword":"momentum ETF"},"_links":{"self":[{"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/posts\/90869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/comments?post=90869"}],"version-history":[{"count":1,"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/posts\/90869\/revisions"}],"predecessor-version":[{"id":90870,"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/posts\/90869\/revisions\/90870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/media\/90850"}],"wp:attachment":[{"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/media?parent=90869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/categories?post=90869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trader-magazine.com\/cs\/wp-json\/wp\/v2\/tags?post=90869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}