TY - JOUR T1 - Practical Applications of Fact, Fiction, and Momentum Investing JF - Practical Applications SP - 1 LP - 4 DO - 10.3905/pa.2015.2.3.086 VL - 2 IS - 3 AU - Clifford Asness AU - Andrea Frazzini AU - Ronen Israel AU - Tobias Moskowitz A2 - Goyal, Gauri Y1 - 2015/01/31 UR - https://pm-research.com/content/2/3/1.7.abstract N2 - Practical Applications of Fact, Fiction, and Momentum Investing Clifford Asness Andrea Frazzini Ronen Israel Tobias Moskowitz Though momentum investing has been around for a long time, it has endured a number of widely held misconceptions. Some common errors are that it works mainly on the short side, that its returns are small and sporadic, that it is limited to small-cap securities, and that it has trading costs that are too high. But investors need to study the academic literature, apply publicly available empirical data and connect the dots: The momentum premium persists.The authors of Fact, Fiction, and Momentum Investing , from The Journal of Portfolio Management’s 40th Anniversary Issue , dispel some of the common misconceptions about momentum investing. Read this Practical Applications report for insights into how to best approach momentum investing. ER -