Betterment Rolls Out Smart Beta Portfolio
By Javier Simon
Online investment adviser Betterment has released an income portfolio strategy from BlackRock and a smart beta portfolio strategy from Goldman Sachs Asset Management (GSAM).
Betterment selected BlackRock’s income portfolio which is designed for clients averse to stock market risk, but who want to target higher levels of income than cash savings accounts deliver. The portfolio invests 100% of assets in U.S. bonds and international bonds issued in U.S. dollars. The portfolio strategy prioritizes capital preservation and generating cash income.