SPDJI leads equity smart beta index providers

Smart_betaStandard & Poor’s Dow Jones Indices (SPDJI) is the index provider that has recently gained the most from the increase in smart beta equity investing, market data shows.

Smart beta exchange-traded products, including ETFs, linked to its indices gained the most in February as market returns and fund flows took smart beta investment in equities at the global level to a new high of $559.78 billion (€519 billion) of assets.

Products tracking SPDJI indices raised $2.27 billion in net flows in February, followed by CRSP and then NYSE smart beta indices, according to ETFGI, an exchange-traded product consultancy firm.

Overall flows into smart beta equity ETF products in February were $8.82 billion – “a record level of flows for February”, said Deborah Fuhr, the champion of ETFs who co-founded ETFGI.

Assets in smart beta equity ETFs in Europe totaled just $39.03 billion compared to the US figure of $499.03 billion, but Europe was ahead of Canada and Asia Pacific ex-Japan.

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