Assailed and derided because some critics simply do not like the implications of the term “smart beta,” smart or strategic beta exchange traded funds continue to make significant inroads with financial advisors.
According to FTSE Russell’s first U.S. retail financial advisor market survey - Smart Beta: 2015 survey findings from U.S. financial advisors - 68 percent of financial advisors polled are using smart beta ETFs and 70 percent are using multiple strategic beta approaches.
A recent survey by Create-Research found that smart beta ETFs account for over $300 billion, or 18 percent of the U.S. ETF market, by far the largest ETF market in the world.
The demographics of advisors using strategic beta ETFs are telling.
“Advisors utilizing smart beta products tend to be younger, have a higher share of AUM in ETFs and alternative investments, and have practices which extend beyond the core activities of investment selection, asset allocation and financial planning,” according to FTSE Russell.
Smart ...
/www.benzinga.com/trading-ideas/long-ideas/15/09/5871033/the-survey-says-advisors-love-smart-beta-etfs alt=The Survey Says Advisors Love Smart Beta ETFs>Full story available on Benzinga.com
More...