Behavioural Finance 

Momentum's failure

Chris Dillow

Chris Dillow
Momentum's failure

Momentum investing has stopped working. Having massively outperformed the FTSE 350 in the 10 years to August – rising by more than 250 per cent against the index’s less than 50 per cent gain – my no-thought momentum portfolio has lost more than 20 per cent since then, more than twice as much as the index has fallen.

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