Abstract
Outperformance of smart beta strategies cannot be attributed to their inherent advantage over traditional market-cap approaches, cautions <b>Burton Malkiel</b>, the <b>Princeton University</b> Economist and Author of the seminal book <b><i>A Random Walk Down Wall Street</i></b>. The latest edition of the volume details his analysis of smart beta strategies. “Smart beta is much more about smart marketing than it is smart investing,” argues Malkiel in an exclusive interview with <b>Institutional Investor Journals</b>. Read this report for Malkiel’s assessment of performance data from <b>Research Affiliates</b> and <b>Dimensional Fund Advisors</b>—and for <b>Rob Arnott</b>’s spirited rebuttal. For a deeper understanding, read Malkiel’s article in <b><i>The Journal of Portfolio Management’s 40th Anniversary Issue, Is Smart Beta Really Smart?</i></b>
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