Assets in actively managed ETFs increased by $85 million, or 0.34%, to $24.828 billion. There were no new funds launched, which leaves the total at 137.
The largest move last week was the $104 million decline at ALPS. Recently we reported two consecutive weeks of large inflows for ALPS, a name not often mentioned in this report, and now some of that trend has reversed. First Trust had inflows of $66 million with a net gain of $96 million thanks to favorable market conditions. State Street drew in $56 million and added $20 million on top of that from NAV appreciation.
At the strategy level, Alternative Income had a net gain of $49 million, followed by $31 million in High Yield and $24 million in Foreign Bond. Global Bond had $82 million in outflows but pared that decline to $45 million thanks to market gains, and the Currency group slid by $32 million.
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Number of Active ETFs by Sponsor
Number of Active ETFs by Strategy
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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.