Scientific Beta

Money Management: "Investors expect that the providers of exchange traded funds (ETFs), indexing and smart beta investment strategies should better disclose the estimated level of transaction costs generated by their strategies, according to a study conducted as part of the Amundi research chair at EDHEC-Risk Institute."

Money Management 16/03/2017

"(...) Investors expect that the providers of exchange traded funds (ETFs), indexing and smart beta investment strategies should better disclose the estimated level of transaction costs generated by their strategies, according to a study conducted as part of the Amundi research chair at EDHEC-Risk Institute. The “Smart Beta Replication Costs”, which analysed the impact of transaction costs on the performance of systematic equity strategies, found that providers often failed to make reference to transaction costs and only reported gross returns, forcing investors to figure out the exact amount of such costs. (...)"