Innovations in Trend Following

Trend following strategies aim to provide positive returns on average and meaningful outperformance during traditional market drawdowns. 

Two potential ways to enhance a traditional price-based trend strategy:

  • Trend following in alternative assets: following price-based trends in harder to access, less liquid alternative assets.
  • Trend following on economic data: following trends in economic fundamentals.

 

Combining Economic Trend Following with Price Trend Following

Different styles of trend following are diversifying to one another and can provide strong potential benefits when combined in a diversified trend portfolio.

While economic trend is a close relative of price trend-following, both approaches aim to capitalize on the tendency of markets to systematically under-react to news. Combining the two helps capture the underreaction phenomenon, potentially leading to improved risk-adjusted performance and more robust drawdown protection. 

Trend Following in Alternative Markets

We summarize what a trend following approach is, how it can be applied to alternative markets, and why alternative trend following approaches have historically outperformed during difficult periods for traditional asset classes.

There can be no assurance that any investment strategy will be successful.

 

This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements.

Diversification does not eliminate the risk of experiencing investment losses.

There can be no assurance that any investment strategy will be successful.
 
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Past performance does not predict future returns.

This is a marketing communication in the European Economic Area (“EEA”) and approved as a Financial Promotion in the United Kingdom (“UK”). It is only intended for Professional Clients.

Information for clients in the EEA 
AQR in the European Economic Area is AQR Capital Management (Germany) GmbH, a German limited liability company (Gesellschaft mit beschränkter Haftung; “GmbH”), with registered offices at Maximilianstrasse 13, 80539 Munich, authorized and regulated by the German Federal Financial Supervisory Authority (Bundesanstalt für 
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Information for clients in the United Kingdom 

The information set forth herein has been prepared and issued by AQR Capital Management (Europe) LLP,  a UK limited liability partnership with its office at 15 Bedford Street, London, WC2E 9HE, which is authorised and regulated by the UK Financial Conduct Authority (“FCA”).