div class=ts-pagebutton class=gotoPage data-page=1Page 1button div class=ts-imagea href=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5page1jpg target=_blank img data-url=and-expected-excess-return-over-and-above-the-return-that-otherwise-would-be-impliedhtmlpage=1 data-page=1 class=ts-thumb lazyload alt=Page 1: and expected excess return over and above the return that otherwise would be implied by their correlation to equities Unlike alpha however exotic betas do not require the same loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5thumbnails1jpg width=140 height=200 adivdivdiv class=ts-pagebutton class=gotoPage data-page=2Page 2button div class=ts-imagea href=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5page2jpg target=_blank img data-url=and-expected-excess-return-over-and-above-the-return-that-otherwise-would-be-impliedhtmlpage=2 data-page=2 class=ts-thumb lazyload alt=Page 2: and expected excess return over and above the return that otherwise would be implied by their correlation to equities Unlike alpha however exotic betas do not require the same loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5thumbnails2jpg width=140 height=200 adivdivdiv class=ts-pagebutton class=gotoPage data-page=3Page 3button div class=ts-imagea href=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5page3jpg target=_blank img data-url=and-expected-excess-return-over-and-above-the-return-that-otherwise-would-be-impliedhtmlpage=3 data-page=3 class=ts-thumb lazyload alt=Page 3: and expected excess return over and above the return that otherwise would be implied by their correlation to equities Unlike alpha however exotic betas do not require the same loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5thumbnails3jpg width=140 height=200 adivdivdiv class=ts-pagebutton class=gotoPage data-page=4Page 4button div class=ts-imagea href=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5page4jpg target=_blank img data-url=and-expected-excess-return-over-and-above-the-return-that-otherwise-would-be-impliedhtmlpage=4 data-page=4 class=ts-thumb lazyload alt=Page 4: and expected excess return over and above the return that otherwise would be implied by their correlation to equities Unlike alpha however exotic betas do not require the same loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5thumbnails4jpg width=140 height=200 adivdivdiv class=ts-pagebutton class=gotoPage data-page=5Page 5button div class=ts-imagea href=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5page5jpg target=_blank img data-url=and-expected-excess-return-over-and-above-the-return-that-otherwise-would-be-impliedhtmlpage=5 data-page=5 class=ts-thumb lazyload alt=Page 5: and expected excess return over and above the return that otherwise would be implied by their correlation to equities Unlike alpha however exotic betas do not require the same loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader030vdocumentsnetreader030viewer20220225115ae3c72c7f8b9ad47c8ec9fahtml5thumbnails5jpg width=140 height=200 adivdiv
