RT Journal Article SR Electronic T1 The Profitability of Style Rotation Strategies in the United Kingdom JF The Journal of Portfolio Management FD Institutional Investor Journals SP 73 OP 86 DO 10.3905/jpm.1999.319770 VO 26 IS 1 A1 Mario Levis A1 Manolis Liodakis YR 1999 UL https://pm-research.com/content/26/1/73.abstract AB The authors investigate the profitability of size and value/growth rotation strategies in the United Kingdom over the last thirty years after adjusting for various levels of forecasting skills and transaction costs. Furthermore, the authors link the size and the value/growth style spreads with a number of business cycle variables, and assess trading rules built upon their ex ante predictions. Their findings provide strong support for small versus large, but not value versus growth style rotation strategies.