Smartest Beta

The New New Product Suite

The number of new Smart Beta ETF products being launched in the investosphere is mind boggling. Just this week BlackRock iShares launched and re-branded their Smart beta suite to be called iShares Edge Multifactor ETFs. BlackRock features 23 ETF products in this category with 9 of the 23 being launched this past week (May 2016).

These 9 new smart beta ETFs are sector specific and focus on multi-factored exposure. This is taking the suite deeper into the rabbit hole from the currently existing smart beta ETFs which were primarily single factor ETF’s. The table below shows the current suite of single factor ETF’s, which allow an investor to gain exposure to specific factors like Momentum (stocks that have strong recent performance), or Quality (financially healthy firms) across US and International Large Cap equities.  As you can see the majority of the AUM among these is concentrated in the USA Quality and Momentum specific ETFs.

TickerSingle Factor / Large CapSum of Net Assets
IMTMiShares Edge MSCI Intl Momentum Factor ETF            12,646,407
IQLTiShares Edge MSCI Intl Quality Factor ETF            15,066,934
ISZEiShares Edge MSCI Intl Size Factor ETF              4,755,452
IVLUiShares Edge MSCI Intl Value Factor ETF            37,533,225
MTUMiShares Edge MSCI USA Momentum Factor ETF       1,272,826,878
QUALiShares Edge MSCI USA Quality Factor ETF       2,427,508,014
SIZEiShares Edge MSCI USA Size Factor ETF          207,554,756
VLUEiShares Edge MSCI USA Value Factor ETF          707,924,756
 Large Cap Total       4,685,816,423
Sub Asset ClassTickerMultifactor / Global Style FocusedNet Assets
Large CapACWFiShares Edge MSCI Multifactor Global ETF              4,561,732
 EMGFiShares Edge MSCI Multifactor Emerging Markets ETF              3,416,679
 INTFiShares Edge MSCI Multifactor Intl ETF            60,362,833
 LRGFiShares Edge MSCI Multifactor USA ETF            86,979,899
Small CapISCFiShares Edge MSCI Multifactor Intl Small-Cap ETF              4,867,258
 SMLFiShares Edge MSCI Multifactor USA Small-Cap ETF              7,236,262
             167,424,662
TickerMultifactor / Sector FocusedNet Assets
CNDFiShares Edge MSCI Multifactor Consumer Discretionary ETF              2,453,770
CNSFiShares Edge MSCI Multifactor Consumer Staples ETF              2,532,711
ERGFiShares Edge MSCI Multifactor Energy ETF              2,507,027
FNCFiShares Edge MSCI Multifactor Financials ETF              2,518,958
HCRFiShares Edge MSCI Multifactor Healthcare ETF              2,500,526
INDFiShares Edge MSCI Multifactor Industrials ETF              2,510,503
MATFiShares Edge MSCI Multifactor Materials ETF              2,533,317
TCHFiShares Edge MSCI Multifactor Technology ETF              2,503,914
UTLFiShares Edge MSCI Multifactor Utilities ETF 

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