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The Index Company of Research Affiliates

Article: Factor Timing: Keep It Simple

Mike Aked, CFA

Article: Surprise! Factor Betas Don’t Deliver Factor Alphas

Chris Brightman, CFA, Forrest Henslee, Vitali Kalesnik, PhD, and Feifei Li, PhD, FRM

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Robust
Research

Award-winning, academic-quality research informs RAFI Indices and solutions.

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Well-Crafted
Index Strategies

Effectiveness, transparency, and low transaction costs are built into all RAFI strategies.

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Impactful
Investor Support

RAFI Indices offers a radically different client service model.

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Robust
Research

Our research team regularly shares the major insights gained in the analysis underpinning our strategies. Their research frequently challenges the conventional wisdom of investing  and is informed through collaboration with the broader investment and academic community.

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Well-Crafted
Index Strategies

In developing and building our index strategies, we emphasize systematic and transparent processes, low-cost implementation, and high investment capacity. Our intent is to improve governance and increase conviction and understanding of the investment philosophy underpinning our index strategies.

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Simplicity
& Transparency

As factor investing has grown in popularity, so has the complexity of factor indices. At RAFI Indices, we believe that

Transparent design leads to improved governance and clear attribution.

Low Transaction
Costs

Poor product design can result in high transaction costs that cannibalize returns driven by factor premiums. This is why we aim to

Maintain the benefit of cap-weighted indices such as high capacity, low turnover, and broad equity exposure.

Effectiveness
 

The market impact of poorly engineered funds can have a large toll on realized returns. This is why we aim to

Design strategies with a focus on ease of investibility and liquidity.

Impactful
Investor Support

The purported benefits of smart beta too often fall prey to transaction costs and clients' poor timing decisions. We emphasize three main areas of investor support:

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JOHN WEST, JASON HSU
"The Biggest Failure in Investment Management:
How Smart Beta Can Make It Better or Worse"

Introducing the
RAFI Multi-Factor
Climate Transition Indices

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