The Asset Manager’s Dilemma: How Smart Beta Is Disrupting the Investment Management Industry

Abstract

Smart beta products are a disruptive financial innovation with the potential to significantly affect the business of traditional active management. They provide an important component of active management via simple, transparent, rules-based portfolios delivered at lower fees. They clarify that what investors need from their active managers is pure alpha… (More)

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@inproceedings{Kahn2016TheAM, title={The Asset Manager’s Dilemma: How Smart Beta Is Disrupting the Investment Management Industry}, author={Ronald N. Kahn and Michael Lemmon}, year={2016} }