PT  - JOURNAL ARTICLE
AU  - Rob Arnott
AU  - Katrina Sherrerd
TI  - Practical Applications of Jack Bogle and Smart Beta: Disruption in the Investment Management Industry
AID  - 10.3905/pa.2022.pa511
DP  - 2022 Aug 31
TA  - Practical Applications
PG  - pa.2022.pa511
4099  - https://pm-research.com/content/early/2022/08/29/pa.2022.pa511.short
4100  - https://pm-research.com/content/early/2022/08/29/pa.2022.pa511.full
AB  - In Jack Bogle and Smart Beta: Disruption in the Investment Management Industry, from the Spring 2022 issue of The Journal of Beta Investment Strategies, authors Rob Arnott and Katrina Sherrerd of Research Affiliates credit Bogle’s decision to separate inexpensive beta from the more-expensive quest for alpha with being perhaps the most profound disruption of the investment industry in its history. The authors provide an overview of their own firm’s early impact on the development of smart beta investing, inspired in part by Bogle’s innovations, and a look at the subsequent evolution of smart beta. Their overview of the current beta investing landscape counsels investors on the benefits and dangers in the smart beta arena. They conclude by providing four principles for smart beta investing.