Scientific Beta

AsianInvestor: "None of the major factors on which smart-beta funds are built came close to beating the market during the tech bubble. Research by EDHEC Business School shows that most advanced-beta strategies had a phase where they underperformed market cap by 10% over a period of between two and five years."

AsianInvestor September 2014

"(...) European investors meanwhile are growing impatient. In a survey by EDHEC Business School, 81% of investors said the credibility of reported track records was undermined by providers' opacity, especially for newer types of index. (...) None of the major factors on which smart-beta funds are built came close to beating the market during the tech bubble. Research by EDHEC Business School shows that most advanced-beta strategies had a phase where they underperformed market cap by 10% over a period of between two and five years. (...)"