Is your portfolio built to adapt?
In this episode of The Active Investor w/SGH, host Alastair McKibbin is joined by Travis Prentice, CIO of IMC and portfolio manager for the IMC Global Small Companies Fund, for a deep dive into one of the most underutilised but compelling forces in investing: momentum.
From its academic origins to real-world execution, Travis unpacks how momentum — described by Fama and French as the "premier market anomaly" — can be harnessed through IMC's systematic Informed Momentum process. You'll hear how combining price signals with business fundamentals provides a powerful lens to identify companies that not only perform well but are also likely to continue doing so, even as market regimes shift.
The discussion also explores how momentum complements other factors, such as value and quality, and why it behaves differently during various phases of the cycle.
A standout segment is the case for global small caps as the ideal playground for this strategy. With thousands of under-researched companies and frequent leadership changes across sectors and regions, the asset class provides fertile ground for momentum to thrive. It's one of the few areas where active management has a genuine edge, particularly for investors seeking differentiated returns beyond benchmark-heavy portfolios.
🎧 Whether you're reassessing your asset allocation or exploring new ways to build resilience into your strategy — this episode offers fresh insights backed by decades of research and practice.
Recorded: 20 March 2025
Host: Alastair McKibbin, SGH Head of Research &Consultant Relations
Guest: Travis Prentice, IMC CIO and portfolio manager for the IMC Global Small Companies Fund
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🔗 Disclaimer: This podcast is produced by SG Hiscock and Company. It does not constitute financial advice and assumes a certain level of knowledge. It is general information only and does not take into account the investment objectives. Financial situation or needs of any person and should not be considered a recommendation. The views in this podcast are those of the contributors at the time of recording. Returns are not guaranteed.
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