Key Takeaways
- • Momentum strategies across commodities, stocks and foreign exchange posted their best stretch in three years in September 2025, according to Bloomberg.
- • The run came despite a backdrop of a US government shutdown, dimming US job prospects and intensifying debates over central bank autonomy.
- • The primary source does not provide specific fund returns, AUM figures or named managers, so the magnitude of the gains is not quantified in available reporting.
Summary
According to Bloomberg, September 2025 was a difficult month on several macroeconomic fronts: the US government shut down, job prospects in the United States weakened, and debate over the autonomy of central banks intensified. Yet the same month proved strong for momentum trading, a strategy that bets recent winners will keep winning. Bloomberg reports that across commodities, equities and foreign exchange markets, the approach delivered its best stretch in three years.
The article characterizes the period as a benefit to trend-following positioning across multiple asset classes at once, a pattern that matters to allocators assessing the diversification of systematic and momentum-oriented exposures. The source does not provide fund-level performance data, benchmark returns or quotes from market participants, so the size of the gains and the specific strategies involved cannot be confirmed from this report.
For institutional investors, the report signals that trend persistence across asset classes was unusually strong during a period of heightened policy and macroeconomic uncertainty. Readers seeking the magnitude of returns or manager-level detail should consult the full Bloomberg article.
The article characterizes the period as a benefit to trend-following positioning across multiple asset classes at once, a pattern that matters to allocators assessing the diversification of systematic and momentum-oriented exposures. The source does not provide fund-level performance data, benchmark returns or quotes from market participants, so the size of the gains and the specific strategies involved cannot be confirmed from this report.
For institutional investors, the report signals that trend persistence across asset classes was unusually strong during a period of heightened policy and macroeconomic uncertainty. Readers seeking the magnitude of returns or manager-level detail should consult the full Bloomberg article.
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