AdvisorShares Active ETF Market Share Update – Week Ending 3/18/2016
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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