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 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". The first wave of smart bettors was the Ethereum Classic team, which launched a new version of its popular cryptocurrency on August 1.