Landry Morin US Momentum Fund tops US equity performance charts for 2012
The Landry Morin US Momentum Fund achieved an annual return of +28.8 per cent for the year ended 31 December 2012, making it the best one-year performer among the 777 US equity funds ranked by Morningstar in Canada.
Since inception the fund has generated an average annualised return of 16.6 per cent.
"It was a very good year for the price momentum strategy in the US,” says Jean-Luc Landry (pictured), chairman and portfolio manager at Landry Investment Management. "The year started off very strong, with companies such as Apple leading the way for technology stocks. However, we saw momentum slow down toward the end of the year. The US market is rotating from technology to financials and thus strong performance is expected again this year - but from a completely different area of the market."
"It has been a great year for performance and we have worked very hard on the models that delivered this performance,” says Benoit Brillon, Landry Investment Management's Chief investment officer and portfolio manager. "Changes to our model now include a segment dedicated to value and factor rotation strategies, which has the effect of lowering the portfolio's volatility. According to our research, momentum and value are two investment strategies that work exceedingly well together."
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