AdvisorShares Active ETF Market Share Update – Week Ending 8/7/2015
Assets in actively managed ETFs appeared to have a quiet week with a $5.6 million, or just under 0.30%, contraction to $20.792 billion but appearances can be deceiving.
iShares had positive asset flows of $87 million followed by $58 million going to State Street. PIMCO had a $20 million outflow and First Trust had an $11 million outflow but there was more that met the eye with the First Trust number because it had a $60 million decline in overall assets due to adverse market conditions tied primarily to its actively managed Master Limited Partnership fund.
The decline for that MLP fund is also captured in the category numbers for Alternative Income which had negative outflows of $13 million but had that same $60 million decline in overall assets.
Other noteworthy AUM changes at the category level include $87 million to Short Term Bond, $60 million to Global Bond and an overall decline of $30 million for the Alternative Category.
Despite the large decline for the one fund it was only good for a 29 basis point decline for Alternative Income’s market share as a category down to 7.86%.
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Number of Active ETFs by Sponsor
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.