Does “smart” beta exist? Not according to Ron DeLegge, Chief Portfolio Strategist @ ETFguide. Ron examines the real life historical performance of three allegedly “smart” beta ETFs in the global bond market that have delivered very dumb results. Furthermore, the unsatisfactory performance results have happened during one of largest bond bull markets in history! Ultimately, “smart” beta is really “alternative” or “strategic” beta and not much else.