Assets invested in Smart Beta ETFs and ETPs listed globally reached a new high of USD680 billion, following net inflows of USD5.90 billion and market moves during August, according to data released by ETFGI.
Strong inflows during the month were primarily driven by US equities, according to ETFGI’s August 2018 Smart Beta: Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service.
“On 22 August 2018 the S&P 500 marked its longest bull market – 3,453 days, without a bear market – a 20 per cent drop from the index’s 52-week high. August was a strong month for US equities with economic strength and strong corporate earnings pushing the S&P 500 to reach record highs and gain 3.26 per cent during the month and up 9.94 per cent year to date. Most non-US markets suffered declines during August due to investors’ concerns over trade tensions, Brexit, currency crises and a fear of contagion. Developed markets ex-US declined 1.44 per cent in August while up 0.46 per cent YTD, EM markets were down 3.51 per cent and are down 0.81 per cent YTD and Frontier markets were down 4.50 per cent and are down 1.66 per cent YTD,” says Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of August 2018, the Global Smart Beta ETF/ETP industry had 1,240 ETFs/ETPs, with 2,265 listings, assets of USD680 billion, from 151 providers listed on 38 exchanges in 31 countries. Following net inflows of USD5.90 billion and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 3.19 per cent, from USD659 billion in July 2018 to USD680 billion.