Will the Low Volatility outperformance "anomaly" continue? BMO says Yes

Finding opportunities through the low-volatility anomaly from BMO Capital Markets in the USA looks at the long term historical outperformance of low volatility stocks and asks whether it is likely to continue. BMO says a combination of behavioural factors and institutional investor incentives suggest it will.

Meanwhile, author and value analyst James Montier says derisively in Smart Beta = Dumb Beta + Smart Marketing that low vol investing is just snake oil, a marketing term for repackaged value and small cap factor tilts.

Sticks and stones will break my bones, but words etc - I quite like my Canadian version of snake oil so far ... BMO's low vol ZLB ETF (disclosure - I own some ZLB) vs standard cap-weight XIU (don't own any)