“We are seeing an increasing amount of interest and usage of non-market cap weighted solutions among institutions,” said Dan Draper, Invesco PowerShares managing director of global ETFs, in the statement. “The study results reveal that more than half of institutional decision makers agree that smart beta ETFs can be used to manage portfolio volatility.”
In an interview with ETF Trends last month, Draper noted that smart beta ETFs encompass a broad range of concepts, including low volatility, smart beta and multi-factor funds comprised of equities selected based on cash flow, book value, sales and dividends. [Breaking Down the Smart Beta Space]
Survey respondents identified a number of ETF providers that offer smart beta products, however, nearly three-quarters (72%) of current smart beta users indicate PowerShares offers truly innovative ETFs. Another 62% believe Invesco PowerShares offers a breadth and depth of ETF offerings, and is a product and service innovator in the category, according to the statement.
Eight of the top-10 PowerShares ETFs in terms of 2013 asset gathering can be considered smart-beta ETFs, including the PowerShares Buyback Achievers Portfolio (NYSEArca: PKW), PowerShares FTSE RAFI US 1000 Portfolio (NYSEArca: PRF) and the PowerShares S&P 500 High Beta Portfolio (NYSEArca: SPHB). [High Beta ETFS are Winning]