ETF data provider ETFGI reports that net new assets gathered by Smart Beta ETFs/ETPs listed globally were USD5.28 billion during May 2018.
The firm writes that May 2018 marked the 28th consecutive month of net inflows. Assets invested in Smart Beta ETFs/ETPs listed globally increased by 2.32 per cent or USD15 billion during May, to USD662 billion.
According to ETFGI’s May 2018 Smart Beta ETF and ETP Insights report, assets invested in Smart Beta ETFs and ETPs listed globally increased by 2.32 per cent during May 2018. The increase in assets of USD15 billion, from USD647 billion at the end of April 2018 to USD662 billion at the end of May, represents the third increase since December 2017.
ETFGI writes that at the end of May 2018, there were 1,281 smart beta equity ETFs/ETPs, with 2,270 listings, assets of USD662 billion, from 156 providers on 40 exchanges in 32 countries.
Year-to-date net inflows are at USD25.5 billion, which is less than the USD29.5 billion in net inflows at this point last year. The majority of flows can be attributed to the top 20 Smart Beta ETFs/ETPs by net new assets, which collectively gathered USD18.4 billion year-to-date.
Growth smart beta products gathered the largest net inflows during May 2018 with USD1.67 billion, followed by value factor products with USD1.29 billion, and momentum-based products with USD1.18 billion, the firm says.
Investors have tended to invest in growth factor Smart Beta products in May, with the iShares Edge MSCI USA Momentum Factor ETF (MTUM US) capturing most of the flows year to date with USD2.25 billion.