PT  - JOURNAL ARTICLE
AU  - Burton G. Malkiel
TI  - Is Smart Beta Really Smart?
AID  - 10.3905/jpm.2014.40.5.127
DP  - 2014 Sep 30
TA  - The Journal of Portfolio Management
PG  - 127--134
VI  - 40
IP  - 5
4099  - https://pm-research.com/content/40/5/127.short
4100  - https://pm-research.com/content/40/5/127.full
AB  - There is a popular new investment strategy in portfolio management called smart beta. With a catchy title and a promise of improved portfolio performance, the strategy has already attracted hundreds of billions of dollars and is growing by leaps and bounds. Unfortunately, according to the author smart beta portfolios do not consistently outperform and when they do produce appealing results, they flunk the risk test.TOPICS: Portfolio management/multi-asset allocation, financial crises and financial market history, volatility measures