Evaluating Factor ETFs
Our new Factor Scorecard helps investors evaluate and compare competing ETFs
New Competition for Momentum and Socially Responsible ETFs
Over the weekend we initiated coverage of 39 new ETFs, totaling about $341 million in assets under management. Two thirds of them are classified as “Smart Beta” funds, while one third are traditional beta. One of the most significant may be the ALPS Dorsey Wright Sector Momentum ETF (SWIN), which will bring more some competition…
Has Smart Beta Stalled?
Market share gains by “Smart Beta” ETFs appear to have all but stalled last year. By our calculations, assets under management (AUM) grew by just one half of one percentage point to 28.8% of all equity ETFs, excluding leveraged and inverse funds. Back at the end of 2010, smart beta funds had a market share of 18.3% of AUM (Figure 1). Our…