This research piece will discuss the origins of this notion and its subsequent trends by explaining its primary characteristics and theoretical background. To address the primary research question, we will conduct a comparative analysis of Smart beta ETFs, actively managed ETFs, and passive ETFs...

Many equity investors looking for higher returns at a lower cost have turned to factor investing. After identifying other risk factors in addition to the market factor, alternative portfolio construction techniques were created to compensate for the inefficiencies of market-cap strategies. By...