Assets invested in “smart beta” exchange-traded funds (ETFs) reached a record high of US$429 billion at the end of June, up by 7.1% through the first half of 2016, according to a new report from London, U.K.-based research firm ETFGI LLP.
By region, Canada, the U.S., Europe and Japan all saw record asset levels at the end of June, the report states, as smart beta products saw net inflows of US$5.7 billion in June and year-to-date net inflows came in at US$16.15 billion.
New York-based BlackRock Inc.’s iShares gathered the largest net inflows, both in June and in the year so far, followed by Malvern, Penn.-based the Vanguard Group. Specifically, iShares gathered US$19.02 billion in net inflows followed by Vanguard, at US$5.26 billion, in the first half of 2016.
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