%0 Journal Article
%T Covid-19 and smart beta: A case study on the role of sectors.
%A Hasaj M
%A Scherer B
%J Financ Mark Portf Mang
%V 0
%N 0
%D Apr 2021 15
%M 34765080
暂无%R 10.1007/s11408-021-00383-7
%X We investigate the role of sectors on the performance of smart beta products during the COVID-19 crisis. Cross-sectional differences in excess returns (versus a market capitalized portfolio) are driven by strong exposures to COVID-19-related industry rotation, rather than to long-term structural causes.