The European smart beta industry now has $56bn (£42bn) in assets, and 47 new products were launched in the 12 months to July 2017. But according to Morningstar, the likes of multifactor and fixed income products remain “uncultivated”.
With more than 2,400 ETF products available, the space is becoming more difficult to navigate. Last year’s struggles for a variety of active managers made choices easier, but many have returned to form in 2017, adding more spice to an already tricky dilemma for fund buyers.
Taha Lokhandwala is deputy editor of Investment Adviser
KEY NUMBERS
47
Number of new smart beta ETF products launched in the past 12 months
£6.3bn
Net sales for tracker funds since the start of 2017, as total net retail sales reach £23bn
46%
iShares’ market share of the European ETF industry
