Guest Post on ETF.com: ‘Smart Beta’ Looks Like Expensive Beta
By Dan Egan
With high-fee active managers and hedge funds in decline, and technology lowering much of the cost of day-to-day investment management, how can a fund manager justify a higher-margin product?
Judging by the past, such a product would likely play on consumers’ desire to beat the market, without trading off liquidity, concentration or opacity risks.
This article originally published June 8th, 2015 on ETF.com.