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 |
NNA |
NNA |
|
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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