After a decade-and-a-half of outperformance, momentum stocks have lagged value picks over the last one-year period. While sudden trend changes can affect momentum investing, having a well-diversified portfolio and a longer investment horizon can help generate decent returns.
Did you bet on Virat Kohli scoring a century against New Zealand in the World Cup semifinal on Wednesday? The former Indian captain has been a punters’ favourite with an eye-popping batting average of 101.57 in the ongoing tournament. In a sense, they are betting on Kohli’s sublime form to continue based on his past performance. In market parlance, this is called momentum investing or trend-following. Much like the outcome of sporting events,
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