ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in smart beta equity ETFs/ETPs listed in globally reached a new record high $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.
Record levels of assets were reached at the end of January for equity smart beta ETFs/ETPs listed globally with $534.06 Bn, in the United States with $476.85 Bn, in Europe with $36.82 Bn, in Canada with $12.92 Bn and in Asia Pacific (ex-Japan) with $4.73 Bn.
In January 2017, smart beta equity ETFs/ETPs gathered net inflows of $10.69 Bn. Combining market moves and net inflows, smart beta equity ETF/ETP assets have increased by 26.7% from $421.58 Bn to $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 $534 Bn, from 150 providers listed on 37 exchanges in 32 countries. According to Deborah Fuhr, managing partner and co-founder of ETFGI:
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.
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 $3.82 Bn, followed by PowerShares with $1.31 Bn and Vanguard with $1.28 Bn net inflows.
Products tracking S&P Dow Jones 'smart beta' indices gathered the largest net ETF/ETP inflows in January with $5.16 Bn, followed by MSCI with $1.14 Bn and CRSP with $1.09 Bn net inflows.
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