PT  - JOURNAL ARTICLE
AU  - Richard C. Davis
TI  - “Big Data” Meets “Smart Beta”
AID  - 10.3905/jii.2015.6.1.039
DP  - 2015 May 31
TA  - The Journal of Index Investing
PG  - 39--50
VI  - 6
IP  - 1
4099  - https://pm-research.com/content/6/1/39.short
4100  - https://pm-research.com/content/6/1/39.full
AB  - There is business intelligence in “big data” that can be utilized to improve performance in both actively and passively managed portfolios. But extracting that business intelligence from big data has a number of challenges, including the processing scale implied in the name itself. This article is intended to be a primer for investment professionals seeking to learn more about how to meaningfully utilize the brand-name citation metrics that are available from big data. It shows how to use those metrics as either a new form of fundamental data for tactically or quantitatively managed active portfolios, or as alternate selection and weighting strategies for tracking tolerant “smart beta” applications.TOPICS: Big data/machine learning, portfolio construction, passive strategies