Chris Dillow's Benchmark Portfolios

Defensive stocks did very well in 2019. This is not as surprising as it seems

Momentum investing has done badly recently, which raises the possibility that investors have wised up to its great historic performance and so have eliminated it

Momentum investing has paid off recently, while deep value investing has done badly

After years of great performance, defensive and momentum investing has done badly recently. This might be only temporary

Momentum and defensive investing did badly last year – as did lots of stockpicking strategies

Defensive stocks had a bad third quarter, but momentum continues to do amazingly well

Our no-thought momentum and defensive portfolios have continued to do well

Both momentum and defensive investing have done badly so far this year. This might be just bad luck

Our no-thought momentum portfolio has continued to do well

Our no-thought momentum portfolio has continued to beat the market – which is puzzling

Momentum and defensive stocks beat the market while taking surprisingly little risk.

Brexit has caused defensives and previously poorly performing stocks to do well