ETFGI reported assets invested in smart beta equity ETFs/ETPs listed in globally reached a new record high US$497 billion at the end of November 2016, according to data from ETFGI’s November 2016 global smart beta equity ETF and ETP industry insights report…
Von Deborah Fuhr, Managing Partner at ETFGI
Record levels of assets were also reached at the end of November for equity smart beta ETFs/ETPs listed in the United States at US$444.96 Bn and in Canada with US$11.00 Bn.
At the end of November 2016, there were 1,179 smart beta equity ETFs/ETPs, with 1,990 listings, assets of US$497 Bn, from 145 providers on 37 exchanges in 32 countries.
Year to date through end of November 2016, smart beta equity ETF/ETP assets have increased by 18.1% from US$421 Bn to US$497 Bn, with a 5-year CAGR of 30.6%.
“The US market had a good month in November with the S&P 500 up 3.7% and the DJIA increased 5.9. The strong dollar caused currency headwinds for international markets. The S&P Developed Ex-U.S. BMI declined 1.8% while the S&P Emerging BMI was down 4.7%. In Europe S&P Europe 350 gained 1.24% in November, with almost all the gains attributable to the U.K. pound rising faster than the British stock market fell. During November the VIX declined dramatically by 21.9%” according to Deborah Fuhr, co-founder and managing partner at ETFGI.
Year to date through the end of November, 208 new smart beta equity ETFs/ETPs were launched by 67 providers across 48 index providers in 18 countries, while 37 products were delisted from 18 different providers.
In November 2016, smart beta equity ETFs/ETPs saw net inflows of US$7.16 Bn, while year to date there were net inflows of US$47.13 Bn.
iShares gathered the largest ’smart beta‘ equity ETF/ETP net inflows in November with US$2.65 Bn, followed by Vanguard with US$1.92 Bn and Guggenheim Investments with US$652 Mn net inflows.
YTD, iShares gathered the largest ’smart beta‘ equity ETF/ETP net inflows year to date in 2016 with US$30.97 Bn, followed by Vanguard with US$11.47 Bn and Charles Schwab Investment Management with US$4.46 Bn net inflows.