... understanding Smart Beta offers actionable insights for optimizing asset allocation and risk management in real-world scenarios. Smart Beta strategies not only offer a cost-effective alternative to traditional active management but also allow for greater customization of factor exposures, aligning with specific...

... return is suggested as a primary determinant of an investor’s asset allocation for retirement wealth accumulation. Our approach directly links the estimated nest egg with a target return estimation and asset allocation decisions. Originality/value This paper contributes to retirement planning...