Scientific Beta

Citywire New Model Adviser: "Beta is neither smart nor dumb, but it can be bought in either fashion. A new study, Investor Perceptions about Smart Beta ETFs, by Noel Amenc, Felix Goltz, and Veronique Le Sourd, suggests investors are not approaching beta particularly smartly."

Citywire New Model Adviser 26/10/2016

"(...) ‘Smart’ and ‘dumb’ are words thrown around in the investment industry almost as much as in politics, and with just as little meaning. Beta is neither smart nor dumb, but it can be bought in either fashion. A new study, Investor Perceptions about Smart Beta ETFs, by Noel Amenc, Felix Goltz, and Veronique Le Sourd, suggests investors are not approaching beta particularly smartly. Issued in August by the EDHEC-Risk Institute, the report asked professional investors how much time they spent evaluating traditional passive investments, active managers and smart beta or systematic factor investments. It found respondents spent 21% of their time evaluating traditional passive managers, 23% of their time assessing active managers, but only 15% of their time investigating smart beta. (...)"