Momentum mutual funds are leading mkt recovery, could give huge gains now: Should you rush to invest?
After struggling during the market downturn, the momentum strategy—chasing recent winners—is back on top. Funds tracking momentum indices are capitalising on the current market recovery. But should investors jump on the bandwagon, or is it too soon to ride this rally?
From peaks to crashes
In recent years, investors betting on momentum have seen the whole gamut of outcomes.