Smart Beta: No Alpha Here!
“Smart Beta” is all the rage right now, and is being relentlessly promoted by virtually every firm on Wall Street. Unfortunately, as Elisabeth Kashner points out, “Whether you look at one-, three- or five-year performance, these 11 U.S. large-cap smart-beta funds have produced returns in line with their risks. No more, no less. Whether you Read more about Smart Beta: No Alpha Here![…]