Sažetak In the field of portfolio management the focus has been on the out-of-sample
estimation of the covariance matrix mainly because the estimation of expected return is …

In this paper, the possibility of using fundamental weighting as a tool to intentionally tilt a
portfolio toward specific and unobservable risk factors in the illiquid and undeveloped …

In the past decade a variety of research analyzed the possibilities of moving away from
inefficient cap-weighted benchmarks by empirically testing different" smart" beta strategies …