Assets in European smart beta equity ETFs now total US$44.84 billion (€38.03 billion), latest industry data shows.
The figure, which is from ETFGI and released this morning, is found among broader numbers that show smart beta equity ETFs grew by 17.8% globally over July, combining flows and market movements.
Net fund inflows at the global level were $6.39 billion and total assets under management were $607.17 billion.
Deborah Fuhr, managing director and founder of ETFGI, noted that 76% of the assets in Europe were invested in 499 ETFs and other exchange-traded products that provide smart beta exposure to the US market.
Products tracking S&P Dow Jones smart beta indices gathered the largest net inflows, followed by CRSP and FTSE Russell.
Geographical figures for assets are:
· US $538.62 billion
· Europe $44.84 billion
· Canada $14.81 billion
· Asia Pacific (ex-Japan) $5.57 billion
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