Smart-beta strategies hot with stocks, not with bonds
Liquidity and indexing issues figure into the small number of fixed-income funds in this space.
The rise in smart-beta stock funds has begged the question: Why not smart-beta bond funds?
The answer may be that fundamental differences in the bond market may make smart-beta bond funds much more difficult to execute.
Smart beta is the buzzword for unmanaged funds that use specific rules —
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