Index roundup: Sales of smart beta-based products climb amid wider slump

Sales of products linked to smart beta indices have consistently outperformed the broader market over the past three years, while benchmark-pegged products, by comparison, have endured declining volumes broadly in line with the wider landscape. Smart beta-linked product volumes, however, remain far lower than those seen in benchmark-based structures, making up just over 2.6% of the market in 2016, as compared with over 24% for benchmarks. In the context of the 29% slump in overall structured