The Factor Investing Lie: Why Most Smart Beta Strategies Leak Risk — Live With Jason Hsu, July 16

Join Me July 16: Smart Beta Construction with Jason Hsu (Rayliant), Fujia Liu & Tony Yang (ChinaAMC)

I’m excited to welcome you to my next Lead-Lag Webinar session, sponsored by Rayliant.

On Thursday, July 16 at 10:00am ET, I’ll sit down with Jason Hsu, PhD — Founder of Rayliant and one of the leading voices in systematic investing — together with Fujia Liu, CFA and Tony Yang of China Asset Management (ChinaAMC), for a practical conversation on smart beta construction and what it really takes to build better factor exposure.

Register here.

Factor investing is often presented as a clean academic framework: identify a factor, build a portfolio, and harvest a premium. In reality, most of the outcome is driven by construction choices — what you define as the signal, how you neutralize unintended exposures, how you control turnover and trading costs, and how you think about regime dependence.

I’ll ask Jason about questions like:

● What does “better factor exposure” actually mean in practice?

● Where do smart beta strategies typically leak risk (and why)?

● How should investors think about factor cyclicality and crowded trades?

● What construction choices matter most: weighting, constraints, rebalancing, or implementation?

If you allocate to smart beta ETFs, manage multi-factor portfolios, or build rules-based strategies, this is the kind of conversation that can help you sharpen your framework and avoid common pitfalls.

This session is approved for CFP CE credit. If you attend live and want to claim it, I’ll email you after the session with the simple process — I submit your details directly to the CFP Board on your behalf.

Seats are limited — register here:

https://us06web.zoom.us/webinar/register/WN_qgl8xwwkTMyb3i6BS3myhQ

After you register, you’ll get your confirmation and a reminder before we go live. I hope you can join me.

— Michael A. Gayed, CFA

DISCLAIMER — PLEASE READ: This is sponsored advertising content for which Lead-Lag Publishing, LLC is being paid a fee. The information provided is solely the creation of Rayliant. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided or make any representation as to its quality. All statements and expressions provided are the sole opinion of Rayliant and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided.