Research Affiliates – (Webinar Replay) How Can "Smart Beta" Go Horribly Wrong?VW Staff
Research Affiliates – (Webinar Replay) How Can “Smart Beta” Go Horribly Wrong?
In evaluating any investment strategy, valuations matter. Rising valuations inflate past performance, reduce potential future performance, and amplify the risk of mean reversion down to historical levels. Looking under the hood, some smart beta strategies appear to have added value solely by getting more expensive.