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Rob Arnott explains why “history is worse than useless” in forecasting the alpha of smart beta strategies.
By Rob Arnott Noah Beck Vitali Kalesnik
February 2017 | Read Time: 30 min
Understanding the role relative valuations play in factor investing and smart beta strategies is important. Putting that knowledge into practice in the real world of asset management is critical. We show how valuations can be applied in forecasting factor and smart beta returns.
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