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Poor returns underline smart beta’s structural problems

Press review Financial Times "Lionel Martellini, a professor at the Edhec Business School in France, says: “The performance we’ve seen for the last few years is disappointing but it’s not surprising. If we look at history, it’s not unusual for the performance of factors to turn negative.” Copyright Financial Times https://www.ft.com/content/310a3930-df81-11e9-b8e0-026e07cbe5b4 2019