In recent years, we have seen a number of providers launch trend-following systematic funds, seeking to capitalise on the excellent investment performance seen in the years prior to 2009 and, since that time, the diversification of return streams and the potential ability to outperform during market stress. The scalability of trend-following algorithms means that diversifying across tens and even hundreds of assets is relatively straightforward and highly desirable; a wide body of evidence suggests that well diversified portfolios outperform over the long run.
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