21 Nov 2019 3 min read

Has momentum lost its mojo?

Here's a warning tale about why we think factors can fail if there's a big change in market dynamics.

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

With failed football dreams behind him, John applies the same level of enthusiasm to investing and how to improve outcomes by battling behavioural biases. He leads on oil research, but also gets involved in a wide range of macro topics. That love of variety also explains his craft beer fascination. Hard to shut up, he’s a regular guest on Bloomberg, a conference speaker and an LGIM Director. His analytical thinking benefits from being an Actuary with an economics degree and having previously worked as a strategist at RBS.