Momentum still rules, for now

Momentum investing has historically done well when volatility is low or when economic growth targets are being revised upwards.And yet, there is little sign that a more value-driven style of investing is starting to emerge even if volatility is up and economic growth revisions are down, the latest Asia ex-Japan equities strategy report from Citigroup shows.ôMomentum is still king of the castle,ö says Markus Rosgen, chief Asia strategist at Citigroup. ôOver the last few years, buying w…