In the Margins

Economist Malkiel takes on smart-beta funds

May 13, 2016

By MarketWatch

Burton G. Malkiel, the economist known for being one of the biggest proponents of index investing, continues to be among the skeptics of smart-beta mutual funds and exchange-traded funds. "In that [smart beta] does enhance returns, it’s likely because the portfolios have additional risk," Malkiel said in an interview. "It isn’t some smart new way to outperform on a risk-adjusted basis." Read the original story from MarketWatch.