ETFs providing exposure to MSCI EAFE factor indices (i.e. Europe, Australasia and Far East equities with approaches based on factors such as value, growth, min vol, dividends…) soared by +2,05% yesterday as +$258,87M of new shares were created on the primary market to answer the growing investor demand. Inflows were mainly geared towards ETFs tracking the MSCI EAFE Value Index, which represents a fifth of the segment’s assets. Yesterday’s jump in performance brought the segment’s 30-day cumulative return to +5,11%, while it registered inflows of +$554,99M over the same period. Still, this is not enough to recover from the dramatic losses incurred over the first quarter and Smart Beta EAFE ETFs’ overall performance remains negative year-to-date (-12,22%). 11 funds tracking 11 different versions of the MSCI EAFE factor indices are included in the segment for a total of $24Bn of assets under management.