ETFs (exchange-traded funds) gave the world a chance to achieve global diversification cheaply. ETFs also supported the belief in ‘beta’, which is all about accepting market returns. The advents of exotic ETFs are now enabling 'smart beta' which is a way of putting together a collection of ETFs to achieve above-market returns.

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Tags:  etf,  beta,  alpha,  investing,  investment,  value,  size,  fundamentals,  smart beta,  index