%0 Journal Article %A Eugene Podkaminer %T Smart Beta is the Gateway Drug to Risk Factor Investing %D 2017 %R 10.3905/jpm.2017.43.5.130 %J The Journal of Portfolio Management %P 130-134 %V 43 %N 5 %X The most common strategies using risk factor approaches are found on the opposite ends of the complexity spectrum: simple, long-only equity factor strategies (i.e., smart beta) and multiasset class long/short risk premia approaches that often employ leverage and derivatives. The space between these two poles is just starting to be explored, as risk factors become a more common feature of both portfolio attribution and portfolio construction. Today’s simple factor smart beta portfolios can be extended across multiple asset classes, coupled with shorting, in order to approach a diluted risk premia approach.TOPICS: Analysis of individual factors/risk premia, style investing, risk management %U https://jpm.pm-research.com/content/iijpormgmt/43/5/130.full.pdf