AdvisorShares Active ETF Market Share Update – Week Ending 2/16/2018
Assets in actively managed ETFs snapped back along with the broad market last week with a large net gain of $1.2 billion. There was a net increase of seven new active ETFs last week including six funds from Vanguard. Vanguard launched five single-factor funds and one multi-factor fund and while they are rules-based, Barron’s reports that “they don’t track an index, and they have a unique ability to refresh the portfolio when deemed appropriate.” 1
Much of the net gains came from price appreciation. First Trust jumped $247 million, PIMCO tacked on $167 million and ARK Investment gained $141 million. Hull Tactical was the only decliner in seven digits, dropping $4 million.
At the strategy level, it was a clean sweep of gains led by $422 million for Short Term Bond followed by $222 for Global Equity and $168 million for Alternative.
1Crystal Kim, “Vanguard’s New ETFs: Factors for Success,” Barron’s, February 17, 2008
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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.