Smart beta on rise as HK Hospital Authority issues low-vol mandate
Hong Kong’s Hospital Authority Provident Fund Scheme made its first smart-beta allocation last month, reflecting a growing focus on such strategies among institutional investors in Asia.
As investors in Asia Pacific consider how best to maximise their returns amid continued market uncertainty, one investment trend gaining wider acceptance in the region is smart beta. This refers to using factors and index weightings other than market-capitalisation in order to obtain alpha.
For instance, Hong Kong’s $7.2 billion Hospital Authority Provident Fund Scheme last month issued its first smart-beta mandate. It has appointed BlackRock to manage a $200 million passive portf…
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