Robo-advisers and smart beta may be fashionable products, but they are relatively untested on providing long-term investment performance, argues Seth Merrin, chief executive of electronic trading venue Liquidnet....
Smart beta systems and robo - advisers behind electronic - trade mechanisms ( ET ) are " shiny objects " and " relatively untested " , according to Seth Merrin , CEO of electronic trading venue Liquidnet . He warns that , despite their current popularity , nobody knows for certain whether they were going to be " any good " . Meanwhile , he predicts that smart - beta ETFs will rise in value to reach $ 1tn globally in less than five years .