The exchange-traded side of the industry recently reached $9.35 trillion in AUM worldwide, and a sizable chunk of that is in "smart beta" products.

Smart beta (i.e. "strategic beta" or "enhanced beta") exchange-traded funds and exchange-traded products reached $1.24 trillion in AUM worldwide as of June 30, up 23.8 percent year-to-date, the folks at ETFGI confirm today. That translates into more than 13 percent of worldwide ETF and ETP AUM, which has grown by 17 percent YTD.

Smart beta products gained an even bigger chunk of industry inflows. In the first half of 2021, smart beta ETFs and ETPs brought in a record $102.03 billion in net inflows, an eight-fold increase over the first half of 2020. The whole ETF and ETP industry worldwide brought in a $660.73 billion in net inflows in the first half of 2021, so smart beta products accounted for 15.4 percent of ETF and ETP inflows.

In the U.S. alone, ETFs and ETPs reached $6.51 trillion in AUM on June 30. In the first six months of the year, they brought in a record $472.18 billion in net inflows. 

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