Providers of risk premia indexes have been quick to claim Brexit as a successful stress test for the sector.
Their strategies resisted big losses during the market fallout from the UK's decision to leave the European Union, with many posting positive returns in the days after the vote, despite warnings about how the strategies would perform in a market shock.
Investment analysts caution, however, that risk premia are not designed to time markets and that trend-following products that did well
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