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Smart Beta equity ETFs/ETPs gather USD53.7bn in net new assets in first ten months of 2015

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Smart Beta equity ETFs/ETPs listed globally gathered USD3.0 billion in new assets in October and USD53.7 billion in the first 10 months of 2015, according to the latest figures released by ETFGI.

There were 764 smart beta equity ETFs/ETPs, with 1,336 listings, assets of USD399 billion, from 106 providers listed on 31 exchanges in 27 countries, according to ETFGI’s new report the Global Smart Beta ETF and ETP Insights report for October 2015.
 
In terms of the factors used by indices in their methodologies which smart beta products track, 401 products with USD286.6 billion track indices which use fundamental factors in their screening process such as dividend yield, earnings per share, revenue or other accounting metrics, while 144 products with USD26.8 billion assets follow indices with multiple types of factors in their screening process which could include fundamental as well as other factors such as volatility, momentum or where the securities are weighted by a measure other than market cap (those which use an 'alternative weighting').
 
Products which are categorised as smart beta based only on the fact that the index uses an alternative weighting methodology have USD22.7 billion assets across 84 products, while those utilising volatility screens such as filtering for securities with low volatility have 63 products and USD26.5 billion assets. There were also 28 products based on momentum strategies with USD10.6 billion assets.
 
“Our findings show that market cap equity ETFs/ETPs are still the most popular based on assets under management where they account for USD1.79 trillion, compared to USD399.3 billion invested in Smart Beta equity ETFs/ETPs. But when compared on their 5 year CAGR rates, Smart Beta equity products are growing significantly faster at 39.3% while market cap has been growing at 18.6%.” says Deborah Fuhr, Managing Partner ETFGI.
 
Year to date (YTD), 148 new smart beta equity ETFs/ETPs were launched by 48 providers across 33 index providers in 17 countries, while 16 products were delisted from 8 different providers.
 
iShares gathered the largest 'smart beta' ETF/ETP net inflows in October with USD1.6 billion, followed by Guggenheim Investments with USD361 Mn and Charles Schwab Investment Management with USD352 Mn net inflows.
 
YTD, WisdomTree Investments gathered the largest 'smart beta' ETF/ETP net inflows with USD20.0 billion, followed by iShares with USD13.4 billion and Vanguard with USD6.4 billion net inflows.
 
Products tracking S&P Dow Jones 'smart beta' indices gathered the largest net ETF/ETP inflows in October with USD1.1 billion, followed by MSCI with USD814 Mn and Cohen & Steers with USD425 Mn net inflows.
 
YTD, WisdomTree 'smart beta' benchmarked products gathered the largest net ETF/ETP inflows with USD20.0 billion, followed by MSCI with USD9.4 billion and CRSP with USD7.3 billion net inflows.

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