17 March 2017

S&P 500: World's most popular Momentum Strategy

"Indices are man-made and prone to all the same issues that anything man-made would be. The committee makes decisions about composition all the time. They add stocks at major tops and remove them at major bottoms. Framed this way, the S&P 500 can be described as “the world’s most popular momentum strategy.

Saving the Mutual Fund Industry