TY - JOUR T1 - Practical Applications of Smart Beta: <em>The Owner’s Manual</em> JF - Practical Applications SP - 1 LP - 5 DO - 10.3905/pa.2015.3.1.120 VL - 3 IS - 1 AU - Ronald N. Kahn AU - Michael Lemmon A2 - Scott, Cathy Y1 - 2015/07/31 UR - https://pm-research.com/content/3/1/1.14.abstract N2 - Smart Beta: The Owner’s Manual Ronald N Kahn Michael Lemmon In an interview with Institutional Investor Journals , Ron Kahn and Mike Lemmon , senior executives at BlackRock , describe a new marketplace in which investors need to understand and optimize the sources of their returns and managers need to deliver active returns beyond static exposures to smart-beta factors. Though not a new concept, smart beta has become a disruptive innovation with important ramifications for investors and active managers. ER -