Cathay Site developing smart-beta products

Taiwan fund house Cathay Securities Investment Trust is planning a range of smart-beta products and a US equity exchange-traded fund, amid the growing demand for overseas assets it is seeing from local investors. This reflects a steadily rising focus among investors in Asia on passive and alternatively weighted index strategies. The low-yield environment has driven domestic institutions to look abroad – mainly at the US – and to alternative investments for higher returns, said Jef…