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FYI: Similar to some better-known factors, such as size and value, time-series momentum historically has demonstrated above-average excess returns. Also called trend momentum, it is measured by a portfolio long assets that have had recent positive returns, and short assets that have had recent negative returns. Regards, Ted http://www.etf.com/sections/index-investor-corner/swedroe-why-trend-following-works?nopaging=1
