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3. QuantShares U.S. Market Neutral Anti-Momentum Fund (NOMO)

The name may be easy for you to say, but — what does it even mean?

“The Boston-based QuantShares picked a ticker (NOMO) that would make Red Sox fans smile, and a name that sounds like the kryptonite of investing: Market Neutral Anti-Momentum,” says Index Universe. “Who wouldn’t want to put their money into that? It’s actually an interesting little fund pairing long positions in low momentum stocks with short positions in high momentum stocks, but the hedge fund-in-a-box may be more sophisticated than the ETF market is ready for.”

To be sure, QuantShares Chief Investment Officer Chuck Martin explained that the fund is designed for use as a hedging instrument for institutional momentum investors.

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