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Factor Research

The Power of Many – Revisited

This paper is an extension of our recent research paper that analyzed how portfolio breadth influences the performance, consistency, and risk profile of momentum strategies (see The Power of Many - How Portfolio Breadth Shapes Momentum Outcomes). In this latest study, we test how the number of holdings affects outcomes of three additional style factor strategies: Value, Growth, and Quality.

Momentum Factor Investing: Evidence and Evolution

New research published in The Journal of Portfolio Management adds to a growing body of evidence supporting momentum as not simply a market anomaly, but a persistent return driver with important implications for portfolio construction.

The Power of Many

This paper explores how portfolio breadth influences the performance, consistency, and risk profile of momentum strategies. Through empirical analysis across multiple equity universes, we investigate how expanding or contracting the number of holdings affects realized returns, risk-adjusted outcomes, and the stability of momentum as an investment approach.

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