Smart-Beta ETFs Beating Active Mutual Fund Rivals
October 24, 2013 at 07:30 AM EDT
The new breed of so-called smart-beta exchange traded funds allows active managers to make small bets based on factor investing and beat traditional benchmarks with customized or enhanced indices. For example, the PowerShares FTSE RAFI 1000 ETF (NYSEArca: PRF), which selects the largest U.S....