Andreu, Laura; Swinkels, Laurens; Tjong-A-Tjoe, Liam - In: Financial Markets and Portfolio Management 27 (2013) 2, pp. 127-148
There is overwhelming empirical evidence on the existence of country and industry momentum effects. This line of research suggests that investors who buy country and industry portfolios with relatively high past returns and sell countries and industries with relatively low past returns will earn...
