Download This PaperSmart Beta: Too Good to Be True?
13 Pages Posted: 7 Dec 2017
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Smart Beta: Too Good to be True?
The Journal of Financial Perspectives, Volume 3, Issue 2, July 2015
Number of pages: 12
Posted: 01 May 2015
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Date Written: July 1, 2015
Abstract
Smart beta strategies promise to deliver market-beating returns with simplicity and low cost, but the reality is more complicated. Contrary to popular perception, smart beta strategies are neither passive nor well diversified. Nor can they be expected to perform consistently in all market environments. Perhaps most importantly, because of their focus on only a limited number of factors, smart beta strategies fail to exploit numerous potential profit opportunities.
Suggested Citation: Suggested Citation
Jacobs, Bruce I. and Levy, Kenneth N., Smart Beta: Too Good to Be True? (July 1, 2015). Journal of Financial Perspectives, Vol. 3, No. 2, 2015, Available at SSRN: https://ssrn.com/abstract=3083567
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