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Sticking with winners came up tops for 2017
Long momentum returned 38 per cent in the year, the strongest advance since 1999
Looking ahead, headwinds to the momentum trade that started to emerge in the fourth quarter should continue into 2018, said one analyst.
PHOTO: AFP
New York
SLICE the rally however you want: chips, Nasdaq, retailers, banks. But 2017 will go down as the year an investment strategy based on nothing more than sticking with winners shone brightest.
Long momentum, when traders simply buy shares that are rising the fastest, returned...
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