TY - JOUR T1 - Smart Beta Strategies as Outcome-Oriented Solutions in the Equity Space JF - The Journal of Index Investing SP - 65 LP - 78 DO - 10.3905/jii.2015.6.1.065 VL - 6 IS - 1 AU - Ursula Marchioni AU - Sofia Antropova AU - Catherine McNaught Y1 - 2015/05/31 UR - https://pm-research.com/content/6/1/65.abstract N2 - As index investing continues to grow, we are witnessing an expansion of what the beta continuum encompasses. During the 2000 dot-com bubble and the 2007–2008 financial crisis, market-capitalization weighted strategies revealed some of their limitations. As a result, increasing attention is being devoted to index solutions that go beyond the traditional space—often referred to as “smart beta.”In this article, we focus our attention on a sample of beta strategies within the equity space. By analyzing each beta’s benefits and limitations, we highlight their ultimate nature as outcome-orientated solutions. We believe the results of our analysis encourage investors to think about beta as a range of complementary tools that should be used to actively rotate portfolios from one indexed strategy to another, based on investors’ goals and on prevailing market conditions.TOPICS: Passive strategies, financial crises and financial market history, portfolio theory ER -