Last month, asset management giant John Hancock became the latest big name in the financial services industry to enter the exchange-traded funds arena, doing so with six funds sub-advised by Dimensional Fund Advisors.
Hancock's new ETF lineup is comprised of six funds – four sector funds and two broad market ETFs – that are multifactor, strategic beta offerings. The new ETFs, including the John Hancock Multifactor Large Cap ETF (NYSE: JHML) and the John Hancock Multifactor Mid Cap ETF (NYSE: JHMM), came to market at a time of rapid expansion for strategic beta or alternatively index ETFs.
The Appeal And Growth Of Smart Beta
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 ...
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