Assets in actively managed ETFs increased by $116 million, or 0.46%, to $24.981 billion. There were five new funds launched last week, which brings the overall number up 143.
The largest gains went to First Trust and State Street with $164 million and $106 million respectively, followed by a $25 million uptick at PIMCO. WisdomTree had a net decline of $74 million followed by $56 million from PowerShares.
Fund flows were more evenly dispersed when looked at by category. The largest gainers included $82 million to Foreign Equity, $67 million to Short Term Bond and $46 million to Foreign Bond. Currency had the largest outflow with $84 million, consistent with the decline for WisdomTree. Alternative declined by $50 million followed by $42 million leaving Global Bond.
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Number of Active ETFs by Sponsor
Number of Active ETFs by Strategy
There are risks involved with investing in ETFs including possible loss of money. Shares are actively managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply.
Shares are not individually redeemable and owners of the shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 shares.
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.