With the 4th quarter 13F filing window now closed, MarketPlace was tracking 3330 ETFs from 278 sponsors via the filings. For 2022 this amounts to over 219,000 individual positions which are linked to an allocator inside of MarketPlace.
Some stats at the end of the quarter and all of 2022 which caught our attention:
Equity Approaches: passive, smart beta, active? While all three categories received positive net flows in 2022 allocators are fueling more organic growth via the smart beta and active approaches.
The Dividend factor took in over half of smart beta flows at $67 B in as allocators sought income/cash flow from their equities, with buffered “defined outcome “coming in second at $10 B in flows. These buffered ETFs allow an easy way for an allocator to introduce hedging to portfolios without handling individual options which are hard to scale across multiple clients and risk tolerances.
Looking at the top five active ETF in-flows in 2022 on an individual issue basis, they had a yield focus either with dividends, options overlay, or positioning on the yield curve to capture fixed income yield. The top five induvial active ETFs for out-flows had two themes in common:
Shifting to the top 5 passive ETF in-flows and out-flows in 2022 on an individual issue basis, at first glance it appears allocators just swapped one ticker/cusip for another to capture the tax-loss but maintained exposure to that sub-asset class with two key differences:
Three ETF launches of 2022 which stood out to us during the year:
Written By: Gui Costin, Founder, CEO
Gui Costin is the Founder and CEO of Dakota.
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