ETFGI reports Equity Smart Beta ETFs/ETPs attracted US$3.40 billion in net inflows during February 2020

 

LONDON—March 23, 2020 —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$3.40 billion during February bringing year-to-date net inflows to US$10.13 billion which is lower than the US$14.67 billion gathered at this point last year. Year-to-date through the end of February 2020, Smart Beta Equity ETF/ETP assets have decreased by 8.5% from US$860 billion to US$787 billion, which is the 5thhighest level of assets on record, according to ETFGI’s February 2020 ETF and ETP Smart Beta industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.) 

Highlights

  • Equity Smart Beta ETFs/ETPs attracted $3.40 billion in net inflows in February
  • Assets invested in Smart Beta Equity ETFs/ETPs decreased to $787 billion, but are at the  5thhighest level on record. 

 

“At the end of February, the S&P 500 was down 8.2% as coronavirus cases continued to spread and the potential economic impact weighed on investors and the markets. Outside the U.S., the S&P Developed ex-U.S. BMI declined nearly 9.0%.  The S&P Emerging BMI lost 5.1% during the month. Global equities as measured by the S&P Global BMI ended down 8.1% with 49 of 50 included country indices down, while China gained 0.9%.”  According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

At the end of February 2020, there were 1,311 smart beta equity ETFs/ETPs, with 2,476 listings, assets of $787 billion, from 165 providers listed on 41 exchanges in 33 countries. Following net inflows of $3.40 billion and market moves during the month, assets invested in Smart Beta ETFs/ETPs listed globally decreased by 8.2%, from $857 billion at the end of January 2020 to $787 billion.

 

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

 

DividendsETFs and ETPs attracted the greatest monthly net inflows, gathering $1.76 billion at the end of February. Multi-Factor ETFs and ETPs suffered the greatest outflows during the month and amounted to $1.75 billion. 

Substantial inflows can be attributed to the top 20 Smart Beta ETFs/ETPs by net new assets, which collectively gathered $6.74 billion at the end of February, the iShares MSCI USA Minimum Volatility ETF (USMV US) gathered $798 million alone.

Top 20 Smart Beta ETFs/ETPs by net new assets February 2020

Name

Ticker

Assets
(US$ Mn)
Feb-20

NNA
(US$ Mn)
YTD-20

NNA
(US$ Mn)
Feb-20

iShares MSCI USA Minimum Volatility ETF

USMV US

  35,816.85 

     874.74 

     798.44 

Invesco S&P 500 Low Volatility ETF

SPLV US

  11,845.25 

     775.71 

     726.98 

Vanguard Dividend Appreciation ETF

VIG US

  39,299.46 

     571.82 

     700.08 

iShares Edge MSCI USA Momentum Factor ETF

MTUM US

   9,799.22 

     858.72 

     644.19 

iShares Edge MSCI USA Quality Factor ETF

QUAL US

  16,008.50 

  1,267.26 

     447.64 

SPDR S&P Kensho New Economies Composite ETF

KOMP US

      491.16 

     435.59 

     422.11 

SPDR S&P Euro Dividend Aristocrats UCITS ETF

SPYW GY

   2,227.86 

     390.69 

     363.57 

Vanguard Value ETF

VTV US

  49,682.85 

     678.01 

     340.18 

iShares Edge MSCI World Momentum Factor UCITS ETF

IWMO LN

   1,594.72 

     481.01 

     301.75 

iShares Core Dividend Growth ETF

DGRO US

   9,750.72 

     608.10 

     277.92 

SPDR Portfolio S&P 500 Growth ETF

SPYG US

   6,210.93 

  1,186.24 

     262.32 

First Trust Value Line Dividend Index Fund

FVD US

   9,350.44 

     725.80 

     262.24 

iShares Edge MSCI Europe Minimum Volatility UCITS ETF

MVEU LN

   1,449.32 

     206.76 

     206.32 

Schwab US Dividend Equity ETF

SCHD US

  10,690.46 

     369.85 

     171.30 

iShares Edge MSCI World Minimum Volatility UCITS ETF

MVOL LN

   4,473.48 

     688.15 

     153.24 

iShares Edge MSCI Minimum Volatility EAFE ETF

EFAV US

  12,190.70 

     201.61 

     149.22 

SPDR Portfolio S&P 500 Value ETF

SPYV US

   3,901.94 

   (584.17)

     131.85 

China Southern S and P China A-share Large Cap Dividend Low Volatility 50 ETF

515450 CH

      131.21 

     131.78 

     131.78 

Vanguard Mega Cap Growth ETF

MGK US

   5,299.15 

     319.89 

     127.92 

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC US

   7,487.49 

     621.46 

     117.62 

 

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.

 

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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. 
 
Ms Fuhr was made a Fellow of CFA UK in January 2020, was the recipient of the ETF.com 2018 lifetime achievement award, 100 Women in Finance’s 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding and lasting contributions to the field of index investing, the Nate Most Greatest Contributor to the ETF industry award at the 11th annual ExchangeTradedFunds.com awards dinner in 2015, the ETF.com Lifetime achievement award in 2015.  She has been named as one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016, and as one of the “10 to Watch in 2014” by Rep. magazine and wealthmanagement.com. Ms Fuhr won the award for the Greatest Overall Contribution to the development of the Global ETF industry in the ExchangeTradedFunds.com survey in 2011 and 2008 and received an award for her contribution to the ETF sector at the annual closed end funds and ETF event in New York and was featured in the Investors Chronicle’s list of “150 people that can make you money” in 2010.    

Deborah Fuhr is a founder and board member of Women in ETFs “WE” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 5,600 members, including women and men, in chapters in major financial centers around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy, and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com


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