Module VIII·Article VI·~1 min read
Smart Beta ETF
Global Equities (Developed Markets)
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Smart Beta ETF, weighted not by capitalization, but by factors.
Examples
| Factor | ETF |
|---|---|
| Value | VTV, VLUE |
| Momentum | MTUM |
| Quality | QUAL |
| Low Vol | SPLV, USMV |
| Multi-factor | LRGF |
Warning
Factors work in the long run. They can underperform for years (Value 2010-2020). Diversification by factors reduces timing risk.
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