The broad market just got a whole lot broader. S&P Dow Jones Indices announced that is has published its annual survey of indexed assets. According to the survey, approximately $7.8 trillion is now benchmarked to the iconic S&P 500 with $2.16 trillion of that figure directly indexed via exchange traded funds (ETFs), mutual funds, and other investment product structures.
Additional survey highlights include:
- Approximately $3.05 trillion is now directly invested in products based upon all equity and fixed income indices calculated and published by S&P DJI.
- Significant AUM growth seen in products based upon S&P DJI Smart Beta Indices (+55% year-over-year growth to $133.64 billion)
- ETF assets grew 24% year-over-year, driven by strong flows into US equities.
- Nearly $30 billion in assets are directly indexed to S&P DJI’s fixed income indices.
“With $7.8 trillion in assets now benchmarked, the S&P 500 has clearly made its mark as the premier measure of U.S. stock market performance for investors throughout the world,” says Alex Matturri, CEO of S&P Dow Jones Indices. “Investor interest in index products based upon S&P DJI indices continues to grow and be met by our leading family of U.S. stock market indices and increasingly by our growing family of fixed income indices.”
“While market cap weighted indices remain at the core of our offerings, we are now seeing strong growth in smart beta based index strategies amongst all of our client segments throughout the world,” Matturri added. “Last year, we launched 89 smart beta indices to meet the growing needs of investors which resulted in a 55% year-over-year increase in indexed smart beta AUM. We expect investor appetite for innovative smart beta indices to proliferate over the next several years, and remain committed to increasing our offerings across all asset classes throughout the world.”
Other highlights include:
- As of May 29, 2015, 623 ETFs are based upon S&P DJI indices with approximately $828 billion in AUM. More ETF assets are based upon indices calculated and published by S&P DJI than any other index provider in the world.
- Three of the top four ETFs in Europe, as determined by AUM, are based on the S&P 500
- As of March 2015, three of the top five Equity Index Futures & Options Contracts Traded Globally are based on S&P DJI indices. More futures and options contracts are traded globally on S&P DJI indices than any other index provider.
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With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
