Actively managed ETFs gained $615 million despite the recent market decline, which brought the total net assets to $66.4 billion.
JP Morgan and iShares led weekly AUM growth among sponsors with $360 million and $102 million gains, respectively. Two fund launches occurred last week and brought the total number of actively managed ETFs to 240.
At the strategy level, Short Term Bond continued to lead with a $577 gain, followed by Foreign Equity’s $89 million gain. Global Bond represented the largest category-level loss last week with a $92 million decline.
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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.