Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why you should avoid dividend-related factors.

Quote of the Day

"The appeal of smart beta is easy to understand: it is cheaper than traditional actively managed funds, but as these strategies invest along an organising principle rather than just tracking an index like a classic passive fund, they appear to offer value for money."

(Jennifer Thompson)

Chart of the Day

Will mean reversion kick in for managed futures returns?