While it's hard to generalize because different investors face different costs, it's common for strategies that perform well on paper to fail
after trading frictions are properly accounted for.
Not exact matches
Business Secretary Greg Clark has suggested that thousands of manufacturing jobs could be put at risk if the UK does not «minimise
friction» in its
trade with the EU
after Brexit, amid a Conservative row over the UK's future customs ties.
We test whether momentum strategies remain profitable
after considering market
frictions induced by
trading.