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Smart Beta: Marketing Gimmick?

FYI: Not everyone is a smart-beta fan, and Hong Kong-based Michael Edesess, Ph.D., chief investment strategist for Compendium Finance, has been vocal in his reservations about the concept. He spoke with us recently about why he still sees no redeeming value in smart beta as an investment approach despite its spreading popularity.
Regards,
Ted
http://www.etf.com/publications/etfr/smart-beta-marketing-gimmick
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