Disclaimer: Views in this blog do not promote, and are not directly connected to any L&G product or service. Views are from a range of L&G investment professionals, may be specific to an author’s particular investment region or desk, and do not necessarily reflect the views of L&G. For investment professionals only.
21 Nov 2019
3 min read
Has momentum lost its mojo?
By John Roe
Here's a warning tale about why we think factors can fail if there's a big change in market dynamics.
Historically it has often paid to buy into assets that have already performed well recently. That has led to investors deliberately targeting momentum as a source of return. But in currencies, it's gone terribly wrong in recent years.
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