ETFGI today reported assets invested in smart beta equity ETFs/ETPs listed in globally reached a new record high US$534 billion at the end of January 2017, according to data from ETFGI’s January 2017 global smart beta equity ETF and ETP industry insights report…..
Deborah Fuhr, Managing Partner at ETFGI
Record levels of assets were reached at the end of January for equity smart beta ETFs/ETPs listed globally with US$534.06 Bn, in the United States with US$476.85 Bn, in Europe with US$36.82 Bn, in Canada with US$12.92 Bn and in Asia Pacific (ex-Japan) with US$4.73 Bn.
In January 2017, smart beta equity ETFs/ETPs gathered net inflows of US$10.69 Bn. Combining market moves and net inflows, smart beta equity ETF/ETP assets have increased by 26.7% from US$421.58 Bn to US$534.06 Bn in January, with a 5-year CAGR of 30.6%.
At the end of January 2017, there were 1,208 smart beta equity ETFs/ETPs, with 2,034 listings, assets of US$534 Bn, from 150 providers listed on 37 exchanges in 32 countries.
“Investors favour equities over commodities and fixed income during January as equity markets had a good start to 2017. Developed markets outside the US and emerging markets showed strong performance in January up 3.2% and 5.1% respectively while the S&P 500 index was up 1.9% and the DJIA index was up 0.6% in January,” according to Deborah Fuhr, managing partner and co-founder of ETFGI.
89% of Smart Beta assets are invested in the 606 ETFs/ETPs that are domiciled and listed in the United States and 78% of the assets are invested in the 477 ETFs/ETPs that provide Smart Beta exposure to the US market.
iShares gathered the largest ‘smart beta’ ETF/ETP net inflows in January with US$3.82 Bn, followed by PowerShares with US$1.31 Bn and Vanguard with US$1.28 Bn net inflows.
Products tracking S&P Dow Jones ‘smart beta’ indices gathered the largest net ETF/ETP inflows in January with US$5.16 Bn, followed by MSCI with US$1.14 Bn and CRSP with US$1.09 Bn net inflows.