Weekly Channel Summary
The EQ: Specialty channel currently manages $21.8 billion in assets across 80 ETFs and 54 unique brands. Over the past week, the channel attracted $729 million in net new money. This positive momentum extends longer-term, with year-to-date inflows reaching $6.57 billion and 1-year flows hitting an impressive $8.33 billion.
This Week’s Performance Leaders and Laggards
The Equity: Specialty – Hedged category led the channel this week, posting a solid Week-to-Date (WTD) return of 0.74%. Conversely, the Equity: Specialty – Long | Short category lagged slightly, but still managed to stay in the green with a 0.30% WTD gain. Both categories boast strong Year-to-Date (YTD) performance, up 7.05% and 6.53% respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 0.74% | 1.72% | 8.84% | 7.85% | 7.05% | 18.86% |
| Equity: Specialty – Long | Short | 0.30% | 0.39% | 5.78% | 7.28% | 6.53% | 12.75% |
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the Castellan Targeted Equity ETF (CTEF), jumping an impressive 4.73%. On the other end of the spectrum, the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) and the Leatherback Long/Short Alternative Yield ETF (LBAY) experienced the steepest drawdowns, shedding 5.09% and 2.88%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CTEF | Castellan Targeted Equity ETF | 4.73% |
| CLIX | ProShares Long Online/Short Stores ETF | 3.54% |
| ORR | Militia Long/Short Equity ETF | 3.47% |
| MEMA | Man Active Emerging Markets Alternative ETF | 3.26% |
| TOS | Twin Oak Strategic Solutions ETF | 2.87% |
| Bottom Performers | ||
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -5.09% |
| LBAY | Leatherback Long/Short Alternative Yield ETF | -2.88% |
| PCR | Simplify VettaFi Private Credit Strategy ETF | -2.38% |
| CCOR | Core Alternative ETF | -1.96% |
| VAMO | Cambria Value & Momentum ETF | -1.88% |
Analyzing the Weekly Flows
The channel witnessed $729 million in total net inflows this week. The Equity: Specialty – Long | Short category secured the vast majority of this capital, pulling in $828 million to support its $10.3 billion in AUM. Meanwhile, the Equity: Specialty – Hedged category saw mild net redemptions, logging the largest outflows at -$99 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 28 | $10.3B | $828M | $5,174M | $5,411M | $6,064M | $6,369M |
| Equity: Specialty – Hedged | 52 | $11.5B | -$99M | $53M | $7M | $509M | $1,958M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Flexible Equity Active ETF (BFLX) comfortably dominated the creation activity, scooping up $541 million in weekly inflows. On the redemption side, the JPMorgan Hedged Equity Laddered Overlay ETF (HELO) and the ProShares Large Cap Core Plus (CSM) paced the outflows, returning $142 million and $4 million to investors, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BFLX | iShares Flexible Equity Active ETF | $541M |
| IALT | iShares Systematic Alternatives Active ETF | $208M |
| CLSE | Convergence Long/Short Equity ETF | $39M |
| FTLS | First Trust Long/Short Equity ETF | $37M |
| FHEQ | Fidelity Hedged Equity ETF | $33M |
| Outflows | ||
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | -$142M |
| CSM | ProShares Large Cap Core Plus | -$4M |
| MRSK | Toews Agility Shares Managed Risk ETF | -$4M |
| PHEQ | Parametric Hedged Equity ETF | -$2M |
| QTR | Global X NASDAQ 100 Tail Risk ETF | $0M |
Issuer League Table Update
The issuer landscape continues to be heavily concentrated at the top, with iShares and JPMorgan dominating the space, controlling 24.18% and 19.31% of the channel’s total market share, respectively. iShares also secured its leadership standing by hauling in a channel-best $750 million in 5-day inflows. On the opposite side, JPMorgan suffered the largest outflows, seeing $142 million leave its products over the same timeframe.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $5.28B | 24.18% |
| JPMorgan | 3 | $4.21B | 19.31% |
| First Trust | 1 | $2.39B | 10.97% |
| Fidelity | 2 | $0.91B | 4.19% |
| Alpha Architect | 2 | $0.74B | 3.41% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $750M |
| Convergence | $39M |
| First Trust | $37M |
| Outflows | |
| JPMorgan | -$142M |
| ProShares | -$4M |
| Parametric | -$2M |
For a deeper dive into these trends, access our FREE, in-depth ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
