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Morningstar’s Johnson: Why the term ‘smart beta’ needs to be kicked to the curb

Using the term 'smart' to describe strategic beta funds sets a level of expectation that they may not be able to meet all the time, according to Ben Johnson, director of passive funds research at Morningstar Inc.

Using the term ‘smart’ to describe strategic beta funds sets a level of expectation that they may not be able to meet all the time, according to Ben Johnson, director of passive funds research at Morningstar Inc.