ETFGI reports assets invested in Smart Beta Equity ETFs and ETPs reached a record of US$5.73 billion at the end of September 2019

LONDONOctober 31, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that equity-based Smart Beta ETFs and ETPs listed globally gathered net inflows of US$5.73 billion during September. Year-to-date through to the end of September 2019, Smart Beta Equity ETFs/ETPs assets have increased by 26.1% from US$618 billion to US$779 billion, with a 5-year CAGR of 19.9%, according to ETFGI’s September 2019 Smart Beta ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.) 

Highlights

  • Assets invested in Smart Beta Equity ETFs/ETPs reached a record of $779 billion.
  • In September 2019, Equity Smart Beta ETFs/ETPs attracted $5.73 billion in net inflows.
  • 44th consecutive month of net inflows into Smart Beta Equity ETFs/ETPs.

At the end of September 2019, there were 1,336 smart beta equity ETFs/ETPs, with 2,506 listings, assets of $779 billion, from 169 providers on 41 exchanges in 33 countries. Following net inflows of $5.73 billion and market moves during the month, assets invested in Smart Beta ETFs/ETPs listed globally increased by 1.26%, from $759 billion at the end of August 2019 to $779 billion.

 

Comparison of assets in market cap, smart beta, other and active equity products

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Value ETFs and ETPs attracted the greatest monthly net inflows, gathering $2.31 billion in September. Growth ETFs and ETPs suffered the greatest outflows during the month and amounted to $542 million.

Substantial inflows can be attributed to the top 20 Smart Beta ETFs/ETPs by net new assets, which collectively gathered $8.48 billion in September, the iShares MSCI USA Minimum Volatility ETF (USMV US) gathered $1.62 billion alone.

Top 20 Smart Beta ETFs/ETPs by net new assets September 2019

Name

Ticker

Assets
(US$ Mn)
 Sep-19

NNA
(US$ Mn)
YTD-19

NNA
(US$ Mn)
Sep-19

iShares MSCI USA Minimum Volatility ETF

USMV US

35,135.99

11,191.79

1,615.68

First Trust Financial AlphaDEX Fund

FXO US

1,796.14

769.17

864.82

Vanguard Dividend Appreciation ETF

VIG US

38,544.01

2,933.49

831.56

SPDR Portfolio S&P 500 Value ETF

SPYV US

3,674.32

1,031.29

522.39

First Trust Value Line Dividend Index Fund

FVD US

7,865.23

2,492.93

467.03

Vanguard Value ETF

VTV US

49,883.19

2,509.70

453.19

iShares Edge MSCI Minimum Volatility EAFE ETF

EFAV US

11,982.73

1,418.49

427.69

Schwab US Large-Cap Value ETF

SCHV US

6,545.80

1,102.74

411.96

UBS Irl ETF plc - MSCI USA Select Factor Mix UCITS ETF

USFMA SW

484.18

479.17

346.44

iShares Edge MSCI USA Quality Factor ETF

QUAL US

11,725.10

3,313.04

336.72

iShares Core Dividend Growth ETF

DGRO US

8,643.82

2,533.16

328.66

iShares S&P Small-Cap 600 Value ETF

IJS US

6,373.57

220.72

272.87

Schwab US Dividend Equity ETF

SCHD US

10,286.31

1,330.43

250.28

iShares Edge MSCI USA Value Factor ETF

VLUE US

3,540.46

(313.56)

217.40

Invesco S&P 500 Low Volatility ETF

SPLV US

12,815.87

2,626.30

216.49

Vanguard Small-Cap Value ETF

VBR US

13,390.61

473.19

198.87

Invesco DWA Momentum ETF

PDP US

1,705.89

(69.38)

196.59

John Hancock Multi-Factor Mid Cap ETF

JHMM US

1,376.72

518.94

184.23

Xtrackers Equity Low Beta Factor UCITS ETF (DR) - 1C

XDEB GY

744.84

565.71

183.07

First Trust Capital Strength ETF

FTCS US

2,862.53

1,189.39

151.31

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Deborah Fuhr, Managing Partner, Founder, ETFGI
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ETF TV is a new show which provides insights into the use, trading, regulatory and product development trends for exchange traded funds ETFs and exchange traded products ETPs.  Go to www.ETFtv.net to view

 

Episode 1 ETF TV views from industry leaders in Europe

Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs 

Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market 

Episode 4 ETF TV Dr Xiaolin Chen of KraneShares explains ETF use in institutional investment and for access to China

Episode 5 ETF TV ETF market structure and trading protocols are evolving approaches to investment Tom Digby, Head of EMEA ETF Client Trading at Invesco

Episode 6 ETF TV Ciarán Fitzpatrick, Managing Director, Head of ETF Servicing Europe at State Street discuss generating alpha with ETFs  

Episode 7 of ETF TV features Eric M. Pollackov Global Head of ETF Capital Markets at Invesco sharing his views on active and passive investing being a collaboration of capabilities, the need for education and innovations developing in non-transparent active and Crypto ETPs
Episode 8 of ETF TV features Shaun Baskett, Director Index Sales at Cboe Europe sharing his views on the role of regulation, trade transparency and liquidity for ETFs
Episode 9 of ETF TV features Sergey Dolomanov, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI 
Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV
Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry
Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV
Episode 13 of ETF TV   features Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Active ETFs will be the next level.  The use of fixed income exchange-traded funds for long term investment as well as for shorter term liquidity management and portfolio transitions.
Episode 14 of ETF TV episode features Manuela Sperandeo, EMEA head of smart beta, sustainable and thematic ETFs at BlackRock explains how to define the category, assess it in the context of investment strategy, and to implement it in
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About Deborah Fuhr 
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 the ETF.com’s 2018’s Lifetime Achievement Award, 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. 
 
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