1. What are fundamental index and smart-beta strategies? 2. What are the five strategies Research Affiliates chose for its multifactor product, and why? 3. Why did Research Affiliates decide to time the market? How did the past data show that timing the market is possible? 4. How did Research Affiliates time the market? Discuss the dynamic allocation strategy. 5. How did the RAFI Dynamic factor perform compared to its competitors? Discuss why Invesco performed better than others. Also, what are some of the limitations of the RAFI strategy