Economics

Smart Beta ETFs And ETPs Hit 69B AUM, 30% Growth YTD

ETFGI reports Smart Beta ETFs and ETPs have gathered 69 billion US dollars in net new assets in the first 11 months of 2017

[REITs]

LONDON — December 21, 2017 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today Smart Beta ETFs and ETPs have gathered 69 billion US dollars in net new assets in the first 11 months of 2017.


According to ETFGI’s November 2017 Smart Beta ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in Smart Beta ETFs and ETPs grew by 30.1% year-to-date, the greatest annual increase since 2009 when markets recovered following the 2008 financial crisis, and an increase of 3.8% on the previous record of US$661.74 Bn set in October 2017.

Smart Beta ETFs And ETPs

Year-to-date, through end of November 2017, Smart Beta ETFs and ETPs listed in globally saw record net inflows of US$68.73 Bn; 22.0% more than net inflows for the whole of 2016, and more than the previous YTD record for the same period of US$45.88 Bn set in November 2016. November 2017 also marked the 21st consecutive month of net inflows into ETFs/ETPs, with US$9.06 Bn gathered during the month.

The majority of these flows can be attributed to the top 20 ETFs by net new assets, which collectively gathered US$33.84 Bn during 2017. The iShares Core S&P Small-Cap ETF (IJR US) on its own accounted for net inflows of US$6.51 Bn.

Top 20 ETFs by net new” assets

Name Country listed Ticker Assets
(US$ Mn)
Nov-17
ADV
(US$ Mn)
Nov-17
NNA
(US$ Mn)
YTD 2017
iShares Core S&P Small-Cap ETF US IJR US 36,230 213.1 6,510
Vanguard Value ETF US VTV US 35,523 142.4 4,466
iShares MSCI USA Momentum Factor ETF US MTUM US 5,877 46.3 3,068
Vanguard Growth ETF US VUG US 31,171 73.3 2,063
iShares MSCI USA Minimum Volatility ETF US USMV US 15,770 76.5 1,507
Schwab Fundamental US Large Company Index ETF US FNDX US 3,594 8.8 1,345
Vanguard Small-Cap Value ETF US VBR US 12,509 35.7 1,329
Global X Funds-Global X Robotics & Artificial Intelligence Thematic Etf US BOTZ US 1,404 36.2 1,257
iShares S&P 500 Growth ETF US IVW US 19,956 72.4 1,232
iShares Core Dividend Growth ETF US DGRO US 2,470 13.9 1,139
iShares Automation & Robotics UCITS ETF United Kingdom RBTX LN 1,405 26.7 1,070
iShares International Select Dividend ETF US IDV US 4,777 17.3 1,068
iShares Edge MSCI Europe Value Factor UCITS ETF United Kingdom IEFV LN 1,754 9.9 1,047
Schwab Fundamental US Small Company Index ETF US FNDA US 2,585 7.1 1,008
Guggenheim S&P 500 Equal Weight ETF US RSP US 14,665 34.4 1,006
iShares Edge MSCI USA Value Factor UCITS ETF United Kingdom IUVL LN 1,295 6.9 988
Schwab US Dividend Equity ETF US SCHD US 6,798 24.4 976
First Trust Nasdaq Bank ETF US FTXO US 1,197 4.6 949
iShares U.S. Preferred Stock ETF US PFF US 18,044 77.1 909
iShares MSCI EAFE Value ETF US EFV US 6,001 14.2 903

Similarly, the top 10 ETPs by net new assets collectively gathered US$654.00 Mn year-to-date during 2017.

Top 10 ETPs by net new assets

Name Country listed Ticker Assets
(US$ Mn)
Nov-17
ADV
(US$ Mn)
Nov-17
NNA
(US$ Mn)
YTD 2017
FI Enhanced Global High Yield ETN US FIHD US 1,065 3.5 311
Psagot Sal Europe WisdomTree Export Oriented (NTR) ILS (40a) Israel PSGT304 IT 117 0.4 103
Barclays ETN+ Select MLP ETN US ATMP US 420 2.8 61
TACHLIT S&P AERO & DEFENSE Israel TCSP145 IT 54 0.3 45
Barclays ETN+ Shiller CAPE ETN US CAPE US 92 0.3 37
ETRACS Monthly Pay 2xLeveraged U.S. Small Cap High Dividend ETN US SMHD US 43 0.8 21
Harel Sal S&P 500 Low Volatility Israel HRSPL82 IT 80 0.1 21
NEXT NOTES Japan Equity High Beta Select 30 Net Total Return ETN Japan 2068 JP 22 0.2 19
NEXT NOTES Japan Equity Low Beta Select 50 Net Total Return ETN Japan 2069 JP 20 0.1 19
NEXT NOTES AI Companies 70 Net Total Return ETN Japan 2067 JP 32 0.6 18

Volatility factors ETFs/ETPs saw net inflows of $1.83 Bn in November, bringing year-to-date net inflows to $4.15 Bn, which is less than the net inflows of $13.53 Bn over the same period last year. Multi factor ETFs and ETPs experienced net inflows of $1.73 Bn in November, growing year-to-date net inflows to $11.18 Bn, which is greater than the same period last year which saw net inflows of $9.10 Bn.