ETFGI reports Smart Beta equity ETFs listed globally gathered US$2.41 billion in net inflows during February 2023

LONDON —March 24, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that Smart Beta equity ETFs listed globally gathered net inflows of US$2.41 billion during February, bringing year to date net inflows to US$8.34 billion, which is lower than the US$36.82 billion gathered at this point last year. During February 2023, Smart Beta Equity ETFs assets have increased by 0.8% from US$1.26 trillion at the end of January 2023, to US$1.28 trillion, with a 5-year CAGR of 16.0%, according to ETFGI’s February 2023 ETF and ETP Smart Beta industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service.  (All dollar vales in USD unless otherwise noted.) 

Highlights

  • Smart Beta equity ETFs listed gathered $2.41 billion during February 2023.
  • YTD Net inflows of $8.34 Bn in 2023 are the 8th highest on record, YTD Net inflows of $36.82 Bn in 2022 are the highest followed by YTD Net inflows of $19.51 Bn in 2021.
  • 31st month of consecutive net inflows
  • Assets of $1.28 Tn invested in Smart Beta equity ETFs listed globally at the end of February.
  • Assets have increased 3.7% in 2023 going from $1.23 Tn at end of 2022 to $1.28 Tn.

“The S&P 500 decreased by 2.44 % in February but was up by 3.69% in 2023. Developed markets excluding the US decreased by 2.59% in February but were up 5.47% in 2023. Israel (down 6.97%) and Hong Kong (down 6.94%) saw the largest decreases amongst the developed markets in February. Emerging markets decreased by 5.57% during February but were up 0.72% in 2023. Colombia (down 11.62%) and Thailand (down 9.38%) saw the largest decreases amongst emerging markets in February.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

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

There were 1,280 smart beta equity ETFs, with 2,655 listings, assets of $1.279 Tn, from 201 providers listed on 49 exchanges in 38 countries at the end of February.  

Value ETFs and ETPs attracted the greatest monthly net inflows, gathering $1.94 Bn during February. Volatility ETFs and ETPs suffered the greatest net outflows during the month and amounted to $3.34 Bn.

Substantial inflows can be attributed to the top 20 Smart Beta ETFs/ETPs by net new assets, which collectively gathered $8.74 Bn during February. Schwab US Dividend Equity ETF (SCHD US) gathered $1.18 Bn the largest individual net inflow.

Top 20 Smart Beta ETFs/ETPs by net new assets February 2023

Name

 

Ticker

Assets
($ Mn)
Feb-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Feb-23

Schwab US Dividend Equity ETF

 

SCHD US

46,803.48

2,711.79

1,179.36

First Trust Financial AlphaDEX Fund

 

FXO US

2,226.66

1,049.89

1,064.52

Vanguard Value ETF

 

VTV US

102,767.67

3,554.72

899.96

Invesco S&P 500 Equal Weight ETF

 

RSP US

35,792.86

1,893.52

650.73

Cathay Taiwan Select ESG Sustainability High Yield ETF

 

00878 TT

5,410.19

666.05

615.33

SPDR Portfolio S&P 500 Growth ETF

 

SPYG US

14,913.75

900.66

583.39

Vanguard Growth ETF

 

VUG US

75,397.22

1,175.39

577.57

iShares S&P Small-Cap 600 Value ETF

 

IJS US

8,239.36

747.17

452.36

Invesco S&P 500 GARP ETF

 

SPGP US

2,706.70

672.24

438.42

SPDR S&P 400 Mid Cap Value ETF

 

MDYV US

2,983.48

421.11

388.30

iShares MSCI International Developed Quality Factor ETF

 

IQLT US

4,729.32

488.85

290.71

Schwab Fundamental International Large Company Index ETF

 

FNDF US

9,342.60

354.60

206.87

First Trust Materials AlphaDEX Fund

 

FXZ US

1,833.54

237.74

203.41

Invesco S&P 500 Equal Weight Technology ETF

 

RYT US

2,461.89

281.06

183.76

Schwab US Large-Cap Growth ETF

 

SCHG US

15,021.86

300.77

179.69

Pacer Global Cash Cows Dividend ETF

 

GCOW US

1,353.42

377.82

170.67

Pacer US Small Cap Cash Cows 100 ETF

 

CALF US

1,903.87

392.87

169.89

ICICI Pru Alpha Low Volatility 30 ETF

 

IALVOL30 IN

200.95

167.65

165.92

Invesco S&P 500 High Beta ETF

 

SPHB US

706.51

213.31

162.38

SPDR Portfolio S&P 500 Value ETF

 

SPYV US

16,012.22

272.95

159.13

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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