AdvisorShares Active ETF Market Share Update – Week Ending 6/24/2016
Despite the carnage caused late last week in the face of the so called Brexit vote, total AUM in actively managed ETFs had a slight increase of $17 million, which brings the total net asset level to $25.922 billion with 148 funds now trading in the space.
State Street grew by $50 million while Principal Funds added $34 million. iShares contracted by $27 million, followed by $21 million from WBI, and $17 million from WisdomTree.
At the Strategy level, Alternative Income increased by $64 million and Global Bond expanded by $39 million. US Equity had a $27 million net decline with much of that as a result of the steep selloff on June 24th.
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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.