Description
Book SynopsisThe strategy that consistently gets high returns with low risk--because it knows when to adapt
After examining more than two hundred years of data across dozens of markets and asset classes, the conclusion is clear: Momentum continually outperforms. However, most mainstream investors haven't had a way to fully discover and implement the benefits of momentum investing . . . until now! Whether you're an independent investor, investment professional, or money manager, Dual Momentum Investing enables you to consistently profit on major changes in relative strength and market trend.
Based on the award-winning work of Gary Antonacci, an expert in modern portfolio theory and optimization, this groundbreaking guide presents an easy-to-understand, straightforward model that transforms momentum concepts into an actionable investing strategy called Global Equity Momentum (GEM). By combining relative-strength momentumand absolute momentum, this proven methodology lets you t
Table of Contents
Foreword by Wesley R. Gray, PhD vii
Acknowledgments xi
Preface xiii
CHAPTER 1 World’s First Index Fund 1
CHAPTER 2 What Goes Up . . . Stays Up 13
CHAPTER 3 Modern Portfolio Theory Principles and Practices 25
CHAPTER 4 Rational and Not-So-Rational Explanations of Momentum 35
CHAPTER 5 Asset Selection: The Good, the Bad, and the Ugly 45
CHAPTER 6 Smart Beta and Other Urban Legends 71
CHAPTER 7 Measuring and Managing Risk 83
CHAPTER 8 Global Equities Momentum 93
CHAPTER 9 Mo’ Better Momentum 115
CHAPTER 10 Final Thoughts 135
APPENDIX A Global Equity Momentum Monthly Results 143
APPENDIX B Absolute Momentum: A Simple Rule-Based Strategy and Universal Trend-Following Overlay 145
Notes 173
Glossary 183
Bibliography 193
Recommended Reading 207
Index 209
