Smart beta ETF assets reach new record high
ETFGI reports assets invested in Smart Beta equity ETFs/ETPs listed globally reached a new record of USD592 billion at the end of the first half of 2017.
Year to date through end of June 2017, smart beta equity ETF/ETP assets have increased by 14.9 per cent from USD515 billion to USD592 billion, with a five-year CAGR of 31.9 per cent.
At the end of June 2017, there were 1,255 smart beta equity ETFs/ETPs, with 2,159 listings, assets of USD592 billion, from 153 providers on 39 exchanges in 32 countries.
89 per cent of Smart Beta assets are invested in the 617 ETFs/ETPs that are domiciled and listed in the United States and 76 per cent of the assets are invested in Smart Beta ETFs/ETPs that provide exposure to the US market.
YTD, iShares gathered the largest 'smart beta' ETF/ETP net inflows with USD13.18 billion, followed by Vanguard with USD7.81 billion and Charles Schwab Investment Management with USD4.46 billion net inflows.
YTD, products tracking S&P Dow Jones 'smart beta' benchmarks gathered the largest net ETF/ETP inflows year to date with USD11.62 billion, followed by CRSP with USD6.78 billion and MSCI with USD6.31 billion in net inflows.