AdvisorShares Active ETF Market Share Update – Week Ending 11/4/2016
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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