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
LONDON —October 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
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 |
NNA |
NNA |
|
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 |
Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.
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Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Deborah Fuhr, Managing Partner, Founder, ETFGI
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Steve Hawkins, President & CEO, Horizons ETFs
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Jin Li, Vice President, ETF & Quantitative Research Analyst | Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Mary Jane Young, Head of ETF Trading, Director, TD Securities
Jos Schmitt, President & CEO, Executive Director, NEO Exchange
Afternoon workshop: during the afternoon attendees will separated into small groups, participants will have the opportunity to discuss with their peers a number of topics of importance relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.
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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
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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 practicality
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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.
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 5,300 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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