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Goldman’s Multifactor Robots: A Post-Human Investing Guide
For its next act, the $3.5 trillion ETF industry wants to sell you the steady income of a dividend, the upside of a small cap and the good night’s sleep of a low-volatility stock. All at once. And they really hope you buy it. Just about every big fund provider, from Goldman Sachs Group Inc. to BlackRock Inc. and Franklin Templeton Investments, is pinning the next leg of growth on the idea. Welcome to the world of multifactor investing. It’s the vanguard of money management and a place where no answer is too outlandish to the question, “How many different investment themes can you stuff into an exchange-traded ... (full story)