Smart-beta investing is getting a lot of attention and Chris Brightman, chief investment officer of Research Affiliates, has covered a lot of ground in this territory. However, while this investment…
Tag: smart beta
Are Formula-based Investment Strategies Necessarily “Smart”?
The word “smart” is thrown around a lot these days to describe phones, tables, and a host of other gadgets intended to make our life easier. But, as we know,…
Asness vs. Arnott on Smart Beta, Factor Timing, and Performance Chasing
Cliff Asness, co-founder of AQR Capital Management, added fuel to the debate over “smart beta” investing with a recent paper attacking arguments made by Rob Arnott of Research Affiliates. Arnott,…
Why Smart Beta May Not Be So Smart Right Now
The “smart beta” investing movement has gained a lot of followers – and fund inflows – over the past few years. But now there are signs that the influx of…
Rob Arnott of Research Affiliates Says a “Smart-Beta Crash” is “Reasonably Likely”
MarketWatch reports that Rob Arnott, chairman of Research Affiliates, says that smart beta has now become so popular that it is dangerous. Arnott, whose research helped to fuel interest in…
The Risk of Investing in "Smart Beta" Funds
Writing in the Wall Street Journal, Jason Zweig cautions readers against blindly investing in popular “smart beta” funds. He notes that a recent Research Affiliates study suggests “their low risk…
Is Smart Beta Not As Smart As You Think?
So-called “smart beta” funds have been all the rage over the past year or so. But in a recent piece for Alpha Architect, Wesley Gray highlights some data showing that…