Small-cap value factors are showing resilience, with the S&P SmallCap 600 Value Index up 4.2% in the past month. "Factor investing" in cyclicals like industrials and materials is receiving fresh inflows amid stronger-than-expected U.S. manufacturing PMI data. The $633 million iShares STOXX World Equity Multifactor UCITS ETF (IS07) , the $245 million iShares STOXX Europe Equity Multifactor UCITS ETF (IFSD) , and the $70 million iShares STOXX US Equity Multifactor UCITS ETF (UFSD) will go from tracking MSCI indexes to their respective STOXX indexes. Larry Swedroe is the author or co-author of 18 books on investing, including his latest, Enrich Your Future . He is also a consultant to RIAs as an educator on investment strategies.