From a few brave early adopters after the 2008 financial crisis, use of the investment strategies now known as smart beta has grown dramatically. And they are becoming mainstream. Growth over the past year alone hit 7.1 percent as stable-value assets under management globally reached a record $429 billion (see "Volatility drives growth," page 4). "AUM in funds tracking our indices has grown by about 50 percent year-to-date over all of last year," says Eric Shirbini, global product specialist at Scientific Beta-a pace he expects will continue. "Our pipeline is just as strong as last year."
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