Choose ONE of the topics below and compose a short essay, Your assignment must clearly meet university Honours degree standards. In particular, that requires that you show : (a) a clear, accurate understanding of key concepts, (b) the ability to gather and interpret data from scholarly reviews and primary sources, (c) the ability to think clearly and critically about your subject, (d) your ability to communicate your research clearly and accurately, using structured and coherent arguments and ( e) proper use of the English language at an undergraduate level.

1. Equity Market Investment Strategies: Three popular strategies for equity investors are (i) "value", (ii) momentum and (iii) tactical asset allocation. Explain the three different strategies and provide an explanation, backed by quantitative evidence, of which one delivers the best performance.