Smart beta ETF assets reach record high

ETFGI says assets invested in smart beta equity ETFs and ETPs listed globally reached a new record high US$534 billion at the end of January 2017, based on a January insights report.

In Canada, assets reached US$12.9 billion in January. U.S. assets reached US$476.9 billion over the same period, while assets in Europe reached US$36.8 billion and assets in Asia Pacific (ex-Japan) were US$4.7 billion.

“Investors favour[ed] equities over commodities and fixed income during January, as equity markets had a good start to 2017,” says Deborah Fuhr, managing partner and co-founder of ETFGI. “Developed markets outside the US and emerging markets showed strong performance in January, up 3.2% and 5.1% respectively, while the S&P 500 index was up 1.9% and the DJIA index was up 0.6% in January.”

At the end of January 2017, there were 1,208 smart beta equity ETF and ETPs, with 2,034 listings. There are 150 providers of such funds, listed on 37 exchanges in 32 countries.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.