Research links: staying disciplined

Research

• Smart beta ETFs don't necessary line up with factors in the academic literature. (factorresearch.com)
• What happens when you apply momentum factors to the corporate bond market. (alphaarchitect.com)
• PE/10 works better in markets that are more diverse from a sector perspective. (fortunefinancialadvisors.com)
• Portfolio optimization is rife with estimation risk. (blog.thinknewfound.com)
• Jeffrey Ptak, 'our research finds that risk-adjusted performance can play a valuable, if oft-overlooked, role in fund selection: It can indicate how much of a fund's return investors are likely to be able to actually capture.…er, eat." (morningstar.com)
• Do firms with female CEOs outperform the market? The answer is yes. (alphaarchitect.com)
• Target-date funds are a blunt instrument for a complex problem. (mathinvestor.org)
• Foreign investors do improve market efficiency. (papers.ssrn.com)