Commodities Comment:“Sell in May”
类型：投资策略 机构：麦格理证券股份有限公司 研究员：麦格理证券研究所 日期：2015-04-16
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Buy after Halloween and sell before May Day is a profitable strategy for equityinvestors in most major markets, academics have found. We find a similar andstrong effect for all metal prices over the past 15 years with the exception oflead and, to some extent, gold. However, in recent years the outperformancehas disappeared, questioning its usefulness going forward.
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