FYI: Research Affiliates, developers of the Research Affiliates Fundamental Index (RAFI), is a pioneering firm in the emergent world of alternative beta, also know as “smart beta”. Indeed, company co-founder Jason Hsu doesn’t shy away from the term smart beta in his thorough review of alternative indexing: its history, how it differs from actively managed quantitative strategies, how alternative beta returns can be compared, and more. The highlights of Mr. Hsu’s whitepaper, Exploring Smart Beta, are summarized below:
Regards,
Ted
http://dailyalts.com/research-affiliates-history-evolution-smart-beta/
