‘Smart beta’ ETFs may not be the smartest bet over the long-term
January 12, 2017 at 10:35 AM EST
So-called “smart beta” exchange-traded funds, a small but growing part of the overall ETF market, have been touted as a way for investors to outperform regardless of economic conditions or the market’s cycle, but new data from Morningstar shows that fund performance is wildly inconsistent over time.