TY - JOUR T1 - Practical Applications of Diversified or Concentrated Factor Tilts? JF - Practical Applications SP - 1 LP - 4 DO - 10.3905/pa.2016.4.1.166 VL - 4 IS - 1 AU - Noël Amenc AU - Frédéric Ducoulombier AU - Felix Goltz AU - Ashish Lodh AU - Sivagaminathan Sivasubramanian A2 - Moore, Howard Y1 - 2016/07/31 UR - https://pm-research.com/content/4/1/1.17.abstract N2 - Diversified or Concentrated Factor Tilts? Noël Amenc Frédéric Ducoulombier Felix Goltz Ashish Lodh Sivagaminathan Sivasubramanian A number of smart-beta indices have been marketed as tools for investors to tilt their portfolios toward factor exposures, such as size, value, low volatility and momentum, while diversification-based smart-beta products have targeted the other key issue with market-capitalization-based indices—their inefficiency due to excessive concentration in the largest-cap stocks. In an article in The Journal of Portfolio Management , authors Noël Amenc , Frédéric Ducoulombier , Felix Goltz , Ashish Lodh and Sivagaminathan Sivasubramanian evaluated the benefits and costs of diversified versus concentrated factor tilts. ER -