AdvisorShares Active ETF Market Share Update – Week Ending 9/26/2014
The trend for net redemptions in the actively managed ETF space continued for a third straight week with a 1.65%, or $296 million, dip down to $17.679 billion. For the second straight week there were no new funds added to the active space.
At the strategy level the largest outflows were seen in Alternative at $89.9 million, followed by high yield at $80 million and Short Term Bond $70 million. In flows were modest but Foreign Equity took the lead with $23 million.
Asset flows measured by fund providers saw $118 million in outflows from First Trust, $74 million from AdvisorShares and $54 million from PIMCO. If there is to be any meaningful change as a result of PIMCO’s recent personnel changes it was not manifested in last week’s numbers.
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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.