Record Assets and Net Inflows for Smart Beta ETFs and ETPs Listed Globally of US$1.24 Trillion and US$102.03 Billion Respectively at the End H1 2021

By ETFGI

ETFGI, an independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reports record assets and net inflows for Smart Beta ETFs and ETPs listed globally of US$1.24 trillion and US$102.03 billion respectively at the end H1 2021.   Smart Beta ETFs and ETPs providing equity exposure listed globally gathered net inflows of US$14.27 billion during June, bringing year-to-date net inflows to a record US$102.03 billion which is higher than the US$12.36 billion gathered at this point last year.  Year-to-date through the end of June 2021, Smart Beta Equity ETF/ETP assets have increased by 23.8% from US$999 billion to US$1.24 trillion, with a 5-year CAGR of 22.8%, according to ETFGI’s June 2021 ETF and ETP Smart Beta industry landscape insights report, a monthly report which is part of an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

Highlights

  • Record $1.24 Tn invested in Smart Beta ETFs and ETPs industry at end of H1 2021.
  • Assets have increased 23.8% in H1 going from $999 Bn at end of 2020 to $1.24 Tn.
  • Record H1 net inflows of $102.03 Bn beating prior record of $44.77 Bn gathered in H1 2015.
  • $102.03 Bn H1 net inflows are $49.71 Bn greater than the full year 2020 record net inflows $52.32 Bn.
  • $142.72 Bn in net inflows gathered in the past 12 months.
  • 11th month of consecutive net inflows
  • Equity Smart Beta ETFs and ETPs listed gathered a record $102.03 Bn in net inflows in H1 2021.

“The S&P 500 gained 2.33% in June and are up 15.25% in the first half of 2021. Developed markets ex-U.S. lost 0.82% in June but are up 9.96% in the first half. Emerging markets are up 0.47% in June and are up 9.03% in the first half, “according to Deborah Fuhr, managing partner, founder and owner of ETFGI.

At the end of June 2021, there were 1,325 smart beta equity ETFs/ETPs, with 2,634 listings, assets of $1.24 Tn, from 194 providers listed on 45 exchanges in 37 countries.

Comparison of Assets in Market Cap, Smart Beta, Other and Active Equity Products

Source: ETFGI

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.

Following net inflows of $14.27 Bn and market moves during the month, assets invested in Smart Beta ETFs/ETPs listed globally increased by 1.64%, from $1.22 Tn at the end of May 2021 to $1.24 Tn.   Fundamental ETFs and ETPs attracted the greatest monthly net inflows, gathering $10.16 Bn during June. Volatility ETFs and ETPs suffered the largest net outflows during the month at $433 Mn.

Substantial inflows can be attributed to the top 20 Smart Beta ETFs/ETPs by net new assets, which collectively gathered $11.60 Bn during June. Vanguard Value ETF (VTV US) gathered $1.25 Bn the largest net inflow.

Top 20 Smart Beta ETFs/ETPs by Net New Assets June 2021

NameTickerAssets (US$ Mn) June-21NNA (US$ Mn) YTD-21NNA (US$ Mn) June-21
Vanguard Value ETFVTV US81,704.8810,234.101,245.16
SPDR Portfolio S&P 500 Growth ETFSPYG US12,378.481,405.251,221.76
Schwab US Dividend Equity ETFSCHD US26,038.716,554.071,117.53
iShares Edge MSCI World Value Factor UCITS ETF – AccIWVL LN6,789.583,008.73888.92
iShares S&P Small-Cap 600 Value ETFIJS US10,103.531,759.36797.02
Vanguard Growth ETFVUG US78,864.171,600.61622.91
iShares Trust iShares ESG Aware MSCI USA ETFESGU US18,417.782,900.00616.44
iShares Edge MSCI USA Momentum Factor ETFMTUM US15,305.221,121.41521.02
iShares MSCI EAFE Value ETFEFV US14,368.536,327.90493.18
iShares Edge MSCI USA Quality Factor ETFQUAL US21,575.912,744.46467.48
Invesco DWA Momentum ETFPDP US2,170.35105.48407
iShares Edge MSCI International Value Factor ETFIVLU US1,336.07706.78404.47
iShares Core Dividend Growth ETFDGRO US19,207.032,531.45387.81
iShares ESG MSCI EM ETFESGE US7,991.971,384.70373.97
iShares Edge MSCI Europe Value Factor UCITS ETFIEFV LN3,938.811,723.02368.04
First Trust Rising Dividend Achievers ETFRDVY US4,781.712,416.12363.72
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETFGSLC US13,104.7475.15352.68
BMO Equal Weight Banks Index ETFZEB CN1,651.23245.17331.06
Vanguard Small-Cap Value ETFVBR US24,590.702,585.94313.67
SPDR Portfolio S&P 500 High Dividend ETFSPYD US4,666.571,789.30304.44

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.

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