Portfolio Strategy, ETF investing, Foreign Companies
Contributor Since 2005
Roger Nusbaum is the ETF Strategist for AdvisorShares. This Arizona-based professional has over 25 years of industry experience. He is also a well-known financial commentator covering ETFs, retirement planning and portfolio management for AlphaBaskets.com and at TheStreet.com. We think Roger is particularly insightful on exchange-traded funds, risk management and investing in international markets. Visit Roger's work at TheMaven (https://www.themaven.net/etf/) and AlphaBaskets (http://alphabaskets.com)
Assets in actively managed ETFs followed the equity market lower, contracting by $78 million to $27.942 billion. There were no new funds launched which leaves the overall count at 157.
Most fund providers lost very little ground last week with PIMCO's $123 million decline being the glaring exception. For some context, First Trust was the second largest decliner with just $26 million. PowerShares added $80 million followed by $52 million into ProShares.
The breakdown at the strategy level showed some larger moves. Alternative added $59 million and Alternative Bond brought in $53 million. Short Term Bond contracted by $69 million, Alternative Income lost $50 million and High Yield had a $36 million setback.
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Number of Active ETFs by Sponsor
Number of Active ETFs by Strategy
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.