FYI: Strategic-beta exchange-traded products, or ETPs, continue to proliferate. As of the end of October, there were 704 such ETPs, by our count; 194 of them (27%) were launched over the past three years. Strategic-beta ETPs collectively held $892 billion, representing 21% of all ETP assets. These hybrid active/passive varietals present a new learning curve and a distinct due-diligence challenge to investors. Here, I provide a brief guide outlining how we set out to separate the wheat from the chaff in this field and a short list of those funds we think are the cream of the crop.
Regards,
Ted
https://www.morningstar.com/articles/953340/how-to-select-strategic-beta-exchange-traded-products
