Factor investing, often referred to as smart beta, had attracted over €3.6 billion of inflows at the end of April into ETFs, according to Amundi.
The size factor (which refers to companies in the small and mid-cap sector) and value have attracted the largest inflows since January, with over €1.35 billion and €1.34 billion each, Amundi said. The figures are for Europe.
In April alone, investors preferred the size factor, which attracted over €288 million of inflows, followed by high dividends with €235 million.
Amundi said that the figures showed that factor investing “keeps its strong traction with investors”.
Overall European ETF market flows at the end of April were over €34 billion, led by equity ETFs with €22.3 billion.
World equity outpaced Eurozone ETFs at the regional level, while Japan topped the single country ranking.
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