Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether low vol strategies can be improved upon.

Quote of the Day

"Thus, low-beta/low-volatility investing, in and of itself, is not a bad idea. However, if one already has an allocation towards the investment and profitability factors, a low-beta portfolio probably adds little to the portfolio."

(Jack Vogel)

Chart of the Day

Do smart beta ETFs do what they say the will?