• rafi-hero-1920x226.jpg
  • pubs-hero2-1920x226.jpg
What Are We Doing to Our Young Investors?With the growing use of target date funds, young workers’ defined contribution (DC) portfolios are increasingly concentrated in stocks. But in a recession many young workers cash out their DC assets to meet living expenses. A potential solution: less risky starter portfolios.
True Grit: The Durable Low Volatility EffectThere is no assurance that low-risk stocks will continue to produce superior long-term returns. Nonetheless, due to investors’ preferences and managers’ incentives, the outlook remains promising. And the market does not seem to learn from experience.
What "Smart Beta" Means to UsThe controversial term “smart beta” is used so broadly in the marketplace that it risks becoming meaningless. This article describes the characteristics of equity strategies that, in our view, merit the smart beta designation.

Receive our latest research via Email

Chris Brightman on Smart Beta BasicsChris Brightman explains the basic principle of smart beta strategies—rebalancing to weights that are unrelated to stock prices.
Finding Smart Beta in the Factor ZooThe publish-or-perish syndrome and the smart beta movement have motivated academics and practitioners to come up with a spate of new factors. How can investors determine which ones are legitimate and how to use them in their equity portfolios?

Rob Arnott on The Glidepath Illusion​Rob Arnott explains why target-date funds fail to either maximize wealth or minimize uncertainty about future income.


Find Our Partners

We select our partners carefully and work closely with them to implement and support our strategies.Learn More