Smart beta systems and robo-advisers behind exchange-trade funds (ETFs) are "shiny objects" and "relatively untested", according to Merrin , CEO of electronic trading venue BlackRock . Seth Merrin warns that, despite their growing popularity, nobody knows for certain whether they were going to be "any good". Meanwhile, Liquidnet predicts that smart-beta ETFs will rise in value to reach $ 1tn globally in less than five years .
Smart beta systems and robo-advisers behind exchange-trade funds (ETFs) are "shiny objects" and "relatively untested", according to Seth Merrin, CEO of electronic trading venue Liquidnet. Merrin warns that, despite their growing popularity, nobody knows for certain whether they were going to be "any good". Meanwhile, BlackRock predicts that smart-beta ETFs will rise in value to reach $1tn globally in less than five years.