Control Market Risk

Improve

PERFORMANCE

A successful momentum strategy

will harvest the momentum premium while eliminating the

ACCOMPANYING RISK

Stocks with low returns

over the past year tend to have low returns for the next few months,
and stocks with high past returns tend to have

HIGH FUTURE RETURNS

Taken together

Value and Momentum provide long-term Superior returns and offset

MUCH INVESTMENT RISK

The inability to spot trends

is why so many in the relative-value space who rely solely on fundamentals have been

ANNIHILATED
IN THE PAST DECADE