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Posted by on Nov 22, 2016 in Active ETF Reports, ETF Strategist

AdvisorShares Active ETF Market Share Update – Week Ending 11/18/2016

AdvisorShares Active ETF Market Share Update – Week Ending 11/18/2016

Assets in actively managed ETFs contracted slightly, by $102 million to $28.234 billion. There was one new fund last week as Janus entered the space with its first active ETF. This brings the total to 158. First Trust had a net increase in AUM of $115 million followed by $24 million for Janus as it brought its new short term bond fund to the market. ProShares led decliners with $105 million followed by $77 million from iShares and $45 million from WisdomTree. At the category level, Alternative Income added $78 million, Bank Loan brought in $61 million with $47 million for Short Term Bond. The Alternative category dropped by $162 million and Alternative Bond shed $105 million. To subscribe to our full monthly report, please register at http://www.advisorshares.com/ (note the full report is only available to financial professionals).     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...

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Posted by on Nov 21, 2016 in ETF Strategist, Market Insight

AdvisorShares Weekly Market Review – Week Ending 11/18/2016

AdvisorShares Weekly Market Review – Week Ending 11/18/2016

Highlights of the Prior Week Still Trying To Decipher The Post Election Market Macro After massive gains during the week of the election, domestic equities took a bit of a breather last week but still rallied. The Dow Jones Industrial Average only gained 11 basis points but the S&P 500 went up 0.81%, the NASDAQ rallied 1.61% and the Russell 2000 was the leader again with a 2.54% lift. The sector bifurcation from right after the election was less extreme last week and actually technology was strong last week after getting left far behind the previous week. Healthcare was in the red after strong gains (no Clinton maybe means no war on drug companies) which may have been a case of too much too soon. Financials continued to show strength expressing the market’s certainty for a rate hike in December. Predictions are obviously always difficult but this sort of back and forth between haves and have nots at the sector level for the time being should not be a...

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Posted by on Nov 16, 2016 in ETF Strategist, Market Insight

It’s Getting Real In The Fixed Income Market

It’s Getting Real In The Fixed Income Market

By Roger Nusbaum, AdvisorShares ETF Strategist   The title of this post is a nod to a funny rap video from a few years ago called It’s Getting Real In The Whole Foods Parking Lot. The current issue of Barron’s has 12 articles with the word Trump, or some version of it, in the headline and just about every other article mentioned him as well. The campaign was difficult to endure, regardless of your politics and while I think most are glad it is over, the post-election period has been difficult for the country as a whole, again, regardless of your politics. It has also been difficult for the bond markets. In this week’s Market Update for Alpha Baskets I addressed the bond market as follows; Perhaps more interesting than the reaction in the stock market has been the carnage in the bond market. You likely heard that $1 trillion in bond market assets had been wiped out during the week but the selloff had been going on for...

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Posted by on Nov 15, 2016 in Active ETF Reports, ETF Strategist

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

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

Assets in actively managed ETFs increased by $394 million to $28.337 billion. There were no new funds last week, leaving the count at 157. PIMCO was the big winner on the week, bringing $220 million followed by $128 million to Fidelity and $78 million for ProShares. Declines were modest led by $68 million from iShares. Regular readers of this report won’t be surprised that Short Term Bond was the leader for inflows at the category level with a $394 million addition followed by $79 million for Alternative Bond and $69 million for US Equity. Global Bond contracted by $90 million and Alternative lost $72 million. To subscribe to our full monthly report, please register at http://www.advisorshares.com/ (note the full report is only available to financial professionals).     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...

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Posted by on Nov 14, 2016 in ETF Strategist, Market Insight

AdvisorShares Weekly Market Review – Week Ending 11/11/2016

AdvisorShares Weekly Market Review – Week Ending 11/11/2016

Highlights of the Prior Week A Dark Gray Swan? Macro In case you hadn’t heard, Donald Trump beat Hillary Clinton in the Presidential Election as he won the electoral college while narrowly losing the popular vote. By now this has been dissected politically every which way but there are some interesting market related concepts and reactions to consider. While the one candidate emerging as the winner in a two person race obviously does not meet the definition of black swan, it was enough of a surprise that we can invoke a little humor in calling it a dark gray swan. Based on polling and market oriented indicators (betting houses, trading in the Mexican peso and gold) before the election, the outcome was a mere formality. That consensus of course turned out to be incorrect along the lines of the Brexit back in June as well as other surprises in market history. Also noteworthy was the crash in equities that occurred Tuesday night into Wednesday morning but which had completely...

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Posted by on Nov 10, 2016 in ETF Strategist, Market Insight

Are Robo Advisors Really Dying?

Are Robo Advisors Really Dying?

By Roger Nusbaum, AdvisorShares ETF Strategist   Cullen Roche had a post that took down the robo-advisor concept from the standpoint of it not taking a whole lot of effort for investors to create similar portfolios on their own without the extra layer of fees. He also notes that much bigger fish than the robo-only firms have been rolling out similar offerings with more to follow. The catalyst for Cullen’s post was news of a CEO change at Wealthfront which along with Betterment, are the two most well-known robo-advisory firms. To the extent the robo concept was new and potentially useful with the promise of profitability (it is both of those things) there was always going to be larger players that would enter the market, this is the sort of thing where first movers can’t necessarily maintain their advantage. The disruptive technology in this equation is the exchange traded fund, not the robo platform. That does not invalidate the idea in my opinion but I agree with Cullen that...

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