Assets in actively managed ETFs contracted by $169 million or 0.80% to $20.564 billion. There was one new fund last week from a new provider, Hull Tactical, which brings the total fund count to 129.
WisdomTree was the only provider with meaningful asset flows as it lost $167 million for the week. ALPS had the only other decline greater than $10 million seeing $13 million head for the exit. On the positive side State Street added $46 million followed by $11 million into WBI Shares.
At the strategy level $163 million flowed out of Currency which is consistent with the outflows from WisdomTree. Global Bond had a $33 million inflow which ties in with the new money into State Street and Tactical had $11 million come in stemming from the new Hull Tactical fund as well as the assets going to WBI Shares.
The large outflow from WisdomTree was enough to move the needle in the market share table as the firm saw its share decline to 7.82% from 8.59%.
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Number of Active ETFs by Sponsor
Number of Active ETFs by Strategy
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Additional disclosure: To the extent that this content includes references to securities, those references do not constitute an offer or solicitation to buy, sell or hold such security. AdvisorShares is a sponsor of actively managed exchange-traded funds (ETFs) and holds positions in all of its ETFs. This document should not be considered investment advice and the information contain within should not be relied upon in assessing whether or not to invest in any products mentioned. Investment in securities carries a high degree of risk which may result in investors losing all of their invested capital. Please keep in mind that a company’s past financial performance, including the performance of its share price, does not guarantee future results. To learn more about the risks with actively managed ETFs visit our website http://AdvisorShares.com . AdvisorShares is an SEC registered RIA, which advises to actively managed exchange traded funds (Active ETFs). The article has been written by Roger Nusbaum, AdvisorShares ETF Strategist. We are not receiving compensation for this article, and have no business relationship with any company whose stock is mentioned in this article.