Sunday 2-Oct-2022
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Has momentum lost its mojo?

OpinionsHas momentum lost its mojo?

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.

John Roe, Head of Multi-Asset Funds at Legal & General Investment Management, with a warning tale about why factors can fail if there’s a big change in market dynamics.