Active Beta Indexes A Groundbreaking New Index Framework "By providing new answers to some of the oldest questions about investing, this innovative framework offers the investment community a chance to reinvent itself." —From the Foreword by Andrew W. Lo How did we end up with growth and value as the standard dichotomy of investing? Are there better ways of defining investment styles? ActiveBeta Indexes presents a more relevant classification of investment approaches than the traditional classifications in a groundbreaking new index that captures systematic active return sources. The authors outline the research and strategies for capturing systematic sources of active equity returns usually attributed to active management via a passively managed index—in a transparent manner with lower risk and greater diversification, at a lower cost, than active management. Their new indexes more accurately reflect the investment processes and investable universes of...
