Month: October 2023

How Smart Has “Smart Beta” Been Lately?

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Let’s start this topic with describing what Smart Beta is.  I’ll be using the definition from Investopedia.  “Smart beta investing combines some of the efficiencies and cost savings characteristic of passive investing while mimicking active investing strategies that have the potential to produce excess risk-adjusted returns, also called ‘alpha.’”   All 5,000 stocks, 16 sector groups, … Read more

Reviewing the 3rd Quarter While Looking Ahead to Year-End

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The third quarter of 2023 is now history.  The September effect overwhelmed mildly positive returns in July and August to submerge all six benchmark indexes we monitor quarterly into the red.  Although the order of best to worst varies among the six indexes, one commonality is having September as the worst historical month, both in … Read more