TY - JOUR T1 - Practical Applications of The Last Smart Beta Paper You’ll Ever (Have to) Read: <em>Nuggets of Hope beneath the Hype</em> JF - Practical Applications SP - 1 LP - 4 DO - 10.3905/pa.2016.4.3.203 VL - 4 IS - 3 AU - Adam Berger AU - Conor McCarthy A2 - Picchi, Aimee Y1 - 2017/01/31 UR - https://pm-research.com/content/4/3/1.5.abstract N2 - The Last Smart Beta Paper You’ll Ever (Have to) Read: Nuggets of Hope beneath the Hype Overview The recent surge of new products touting smart-beta strategies has sparked a backlash among some skeptical investors who believe the approach may be another fad akin to portable alpha a decade ago. In an interview with Institutional Investor Journals , Adam Berger and Conor McCarthy of Wellington Management assert that most smart-beta products in the marketplace today will fail to live up to their hype due to inherent flaws, most notably index-like constructions that are poorly matched to investor objectives. Their full research findings appeared in The Journal of Index Investing. ER -