September 28th, 2015 | MoneyLifeShow.com
Gregg Fisher discusses momentum investing and recent market volatility in MoneyLife interview
Gerstein Fisher CIO Gregg S. Fisher spoke to Chuck Jaffe on a recent installment of the radio show “MoneyLife” about momentum investing. Drawing from a recent Gerstein Fisher research paper, “Do Past Returns Predict Future Returns? Evidence from Momentum and Short – Term Reversals”, Gregg explained how to meet one of the key challenges of a momentum strategy: the potential for high turnover and trading costs. Specifically, Gregg discusses combining momentum with other investment factors such as value within a multi-factor portfolio framework to essentially “slow down” momentum-based trading. (For additional highlights of this research, see also, “The Trouble with Momentum—and What to Do About It”). In this interview, Gregg also placed recent market volatility in some historical context.
Listen to the full interview here: