The premium is linked to behavioural biases as opposed to risk
Investment ‘factors’ are also concentrated
Apple, Amazon and Microsoft appear in the top 10 stocks for three different factors
The trend is your friend: record flows into momentum ETFs
August was a hot month for momentum ETFs. Trend-following equity trackers saw record inflows of $300m (€250m) from European investors, Blackrock reports. Global equity momentum ETFs were responsible for the bulk of the inflows.