Bonding with Style Investing: Value and Momentum in Corporate Bonds

The application of 'smart beta' strategies is expanding into corporate bonds, beyond its equity roots. This paper explores value, momentum, and short-term reversal styles in fixed income, highlighting the potential to enhance returns and diversify portfolios. The analysis shows that value and momentum strategies in iBoxx U.S. investment-grade (USIG) and high-yield (USHY) bonds ...