ETFGI reports that Smart Beta ETFs and ETPs listed globally gathered net inflows of US$4.91 billion during June 2018
LONDON — July 31, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported net inflows of US$4.91 billion into Smart Beta ETFs and ETPs listed globally during June 2018, marking the 29th consecutive month of net inflows. (All dollar values in USD unless otherwise noted.)
Highlights
- Net new assets gathered by Smart Beta ETFs/ETPs listed globally were $4.91 Bn during June 2018.
- June 2018 marked the 29th consecutive month of net inflows.
- Year-to-date assets invested in Smart Beta ETFs/ETPs listed globally increased by 4.59% to $635 Bn at the end of June.
According to ETFGI’s June 2018 Smart Beta ETF and ETP Insights report, an annual paid-for research subscription service, assets invested in Smart Beta ETFs and ETPs listed globally increased year-to-date by 4.59% at the end of June 2018.
Comparison of assets in market cap, smart beta, other and active equity products
At the end of June 2018, there were 1,224 smart beta equity ETFs/ETPs, with 2,204 listings, assets of $635 Bn, from 147 providers on 39 exchanges in 31 countries. Year-to-date net inflows are at $29.9 Bn, which is less than the $32.6 Bn in net inflows at this point last year.
The majority of flows can be attributed to the top 20 Smart Beta ETFs/ETPs, which collectively gathered $21.1 Bn year-to-date.
The iShares Edge MSCI USA Momentum Factor ETF (MTUM US) and the Vanguard Value ETF (VTV US) have gathered the largest net new assets during the year, with $3.43 Bn and $3.08 Bn, respectively.
Top 20 Smart Beta ETFs by net new assets: Global
| Name | Country listed | Ticker | Assets (US$ Mn) Jun-18 |
NNA (US$ Mn) YTD 2018 |
| iShares Edge MSCI USA Momentum Factor ETF | US | MTUM US | 7,253.73 | 3,428.24 |
| Vanguard Value ETF | US | VTV US | 38,434.53 | 3,078.15 |
| Vanguard Growth ETF | US | VUG US | 33,258.00 | 1,678.21 |
| SPDR Portfolio S&P 500 Growth ETF | US | SPYG US | 1,718.74 | 1,339.88 |
| iShares Edge MSCI USA Quality Factor ETF | US | QUAL US | 4,739.76 | 1,114.66 |
| iShares Core Dividend Growth ETF | US | DGRO US | 3,062.92 | 1,095.08 |
| iShares Automation & Robotics UCITS ETF | United Kingdom | RBTX LN | 2,018.91 | 975.53 |
| Principal US Mega-Cap Multi-Factor Index ETF | US | USMC US | 1,155.40 | 898.40 |
| SPDR Portfolio S&P 500 Value ETF | US | SPYV US | 1,058.11 | 783.32 |
| Schwab US Large-Cap Growth ETF | US | SCHG US | 5,596.62 | 662.44 |
| iShares Exponential Technologies ETF | US | XT US | 1,764.28 | 648.36 |
| iShares S&P Small-Cap 600 Growth ETF | US | IJT US | 5,110.67 | 647.03 |
| Vanguard Small-Cap Growth ETF | US | VBK US | 7,371.39 | 642.00 |
| Schwab US Dividend Equity ETF | US | SCHD US | 7,721.30 | 606.36 |
| Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | US | GSLC US | 2,913.07 | 605.53 |
| Schwab Fundamental US Large Company Index ETF | US | FNDX US | 4,130.25 | 594.14 |
| SPDR S&P 600 Small Cap Growth ETF | US | SLYG US | 1,354.32 | 583.73 |
| Vanguard Small-Cap Value ETF | US | VBR US | 13,076.69 | 567.76 |
| First Trust Developed Markets ex-US AlphaDEX Fund | US | FDT US | 1,002.15 | 538.55 |
| Schwab Fundamental International Large Company Index ETF | US | FNDF US | 3,783.61 | 529.63 |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
Similarly, the top 20 ETPs by net new assets collectively gathered $1.78 Bn year-to-date during 2018.
Top 20 Smart Beta ETPs by net new assets: Global
| Name | Country listed | Ticker | Assets (US$ Mn) Jun-18 |
NNA (US$ Mn) YTD 2018 |
| Barclays ETN+ FI Enhanced Global High Yield Exchange Traded Notes Series B | US | FIYY US | 1,496.54 | 1,310.20 |
| FI Enhanced Global High Yield ETN | US | FIHD US | 1,301.14 | 263.80 |
| BMO REX MicroSectors FANG Index 3X Leveraged ETN | US | FNGU US | 88.99 | 64.02 |
| BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN | US | FNGD US | 24.70 | 46.77 |
| NEXT NOTES AI Companies 70 Net Total Return ETN | Japan | 2067 JP | 60.71 | 32.59 |
| ETRACS Monthly Pay 2xLeveraged U.S. Small Cap High Dividend ETN | US | SMHD US | 59.11 | 12.90 |
| Harel Sal S&P 500 equal weighted NTR 40a | Israel | HRZA95 IT | 14.56 | 11.46 |
| Psagot Sal Japan WisdomTree (NTR) ILS (40a) | Israel | PSGT306 IT | 210.83 | 10.16 |
| NH QV 2X 10Y KTB Futures ETN 46 | South Korea | 550046 KS | 9.17 | 9.45 |
| ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN | US | DVYL US | 40.88 | 4.29 |
| Barclays ETN+ Shiller CAPE ETN | US | CAPE US | 101.37 | 3.54 |
| JPMorgan Cushing 30 MLP Index ETNs | US | PPLN US | 7.11 | 2.07 |
| Psagot Sal S&P 500 Low Volatility High Dividend NTR 4Da | Israel | PSGT321 IT | 2.84 | 1.61 |
| ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN | US | HDLV US | 18.73 | 1.54 |
| Psagot Sal Regional Banks S&P (NTR) ILS (40a) | Israel | PSSP294 IT | 30.07 | 1.28 |
| ETFS Global Core Infrastructure ETF | Australia | CORE AU | 2.31 | 0.58 |
| Psagot Sal S&P 1500 Positive Momentum Tilt 4Da | Israel | PSGT253 IT | 0.68 | 0.58 |
| Psagot Sal Japan Div | Israel | TDJSD13 IT | 1.82 | 0.07 |
| KSM S&P Value Israel | Israel | KSPB120 IT | 0.33 | 0.03 |
| KSM Cleantech | Israel | KSMCLNT IT | 1.18 | 0.01 |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
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Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.
ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,200 members in chapters around the world. www.womeninetfs.com
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