Collectively these strategies have come to be
called smart beta.
One,
called Smart beta, constructs indexes based on criteria other than market capitalization.
Although other so -
called smart beta strategies predated the RAFI Fundamental Index, it was only after the success and acceptance of the Fundamental Index that these strategies were able to flourish.
Within the mutual fund and ETF industries, the various factors just discussed are being marketed as a concept
called smart beta.
So -
called smart beta is an extra twist, tracking an index by reweighting it or using other objectives.
I just read something too, Rob Arnott was saying be careful of smart beta, «cause he came up with, it's basically factor investing, but
he calls it smart beta.
So yes, I do believe there is a thing that you can
call smart beta, but 98, 99 % of what the industry calls smart beta is marketing hype.
The concept of strategic beta (which
some call smart beta) wasn't actually new; it had been used in institutional portfolios for quite some time.
The latest index - based innovations may be found in what some are
calling smart beta indices.
Not exact matches
Investors have become fascinated with so -
called «
smart beta» strategies.
In recent years, investors have poured billions of dollars into so -
called «
smart beta» investment strategies.
The product,
called Lingqiantong, meaning balances made
smart, is still in
beta and has only invited only a small pool of users to test it out.
At the heart of
smart beta investing is the notion of re-writing investment rules to seek to improve investment outcomes by targeting exposures to intuitive, well understood investment ideas — what quants would
call factors.
They
call themselves «
smart beta ETFs» and you're likely to see more of them in the coming year.
Smart beta ETFs are designed to target what are
called «factors,» or shared characteristics that can help explain the risk and return of a group of stocks.
«If you
call something
smart beta, that implies there's also dumb
beta,» says Paul Kaplan, director of research at Morningstar Canada, «and there's nothing dumb about plain broad - market indexing.
I don't like the term
smart beta — I prefer alternative
beta or factor investing — but, whatever you
call it, there's certainly a place for it alongside conventional indexing.
The ETF employs what WisdomTree
calls an alpha - driven
smart beta strategy, meaning the fund will directly target multiple
smart beta factors.
Some people
call this factor - based investing or
smart beta.
«
Smart beta» ETFs (also
called «strategic
beta») select stocks based on specific factors like low - volatility, or high dividends, or value.
Trying to create «
smart beta» is interesting, but let's just
call it enhanced indexing.
This feature is going to be
called Smart Annotation and is going to be available as a
beta.
Now, Google brings its own
smart file manager app
called as Files Go, which is currently in
Beta stage.
They're new
smart speakers from companies such as LG, Sony, JBL, and Lenovo with touchscreen - enabled displays that can play videos, pull up pictures from Google Photos, and more, and strings from the Google App v7.20
beta show that they'll be able to perform video
calling via Google Duo.
If you're ready to upgrade your app drawer, start by installing the new app, which is
called Smart Drawer (
Beta).
Whether that's drawing directly in the apps or annotating work with a new feature (currently in
beta)
called Smart Annotation.
The new software, which requires either an Apple developer account or
beta program membership in order to access, paves the way for features like WiFi
Calling on the iPhone across more carriers, as well as
smarter switching of WiFi and cellular data for faster browsing, while on the smartwatch there's a new Time - Lapse face among other tweaks.