Systematic, or factor-based, investing has turn out to be quite frequent in equities. Investor adoption in fastened revenue has lagged, a minimum of when measured by the assets under administration in mutual funds and ETFs. At the end of 2020, $1.35 trillion in equity fund AUM1 was categorized as strategic beta by Morningstar. By contrast, just $14.36 billion of fastened income funds had the same designation.
