Weekly Channel Summary
The EQ: Specialty channel currently represents $17B in total Assets Under Management (AUM), distributed across 79 ETFs managed by 54 distinct issuers. Activity over the past week was positive, with the channel gathering a net $50M in new assets. This builds on a solid year of capital accumulation, adding to a Year-to-Date (YTD) flow total of $1.36B and an impressive 1-Year net inflow of $2.94B.
This Week’s Performance Leaders and Laggards
This week, the Equity: Specialty – Long | Short category proved to be the more resilient segment, posting a Week-to-Date (WTD) return of -0.06% while maintaining a solid Year-to-Date (YTD) gain of 6.18%. On the other hand, the Equity: Specialty – Hedged category lagged slightly, ending the week at -0.16% despite holding a YTD return of 5.38%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | -0.06% | 2.83% | 3.26% | 6.99% | 6.18% | 12.88% |
| Equity: Specialty – Hedged | -0.16% | 3.39% | 4.51% | 6.65% | 5.38% | 16.95% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual ETFs, the Clough Hedged Equity ETF (CBLS) stood out as the best performer, gaining 2.29% WTD. Conversely, the Formidable ETF (FORH) and the Man Active Emerging Markets Alternative ETF (MEMA) were the week’s sharpest decliners, returning -3.16% and -3.11%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CBLS | Clough Hedged Equity ETF | 2.29% |
| WTLS | WisdomTree Efficient Long/Short U.S. Equity Fund | 1.90% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | 1.61% |
| EMPB | Efficient Market Portfolio Plus ETF Trust Units | 1.33% |
| UPSD | Aptus Large Cap Upside ETF | 1.23% |
| Bottom Performers | ||
| FORH | Formidable ETF | -3.16% |
| MEMA | Man Active Emerging Markets Alternative ETF | -3.11% |
| ISWN | Amplify BlackSwan ISWN ETF | -2.74% |
| SHRT | Gotham Short Strategies ETF | -2.49% |
| HFEQ | Unlimited HFEQ Equity Long/Short ETF | -2.43% |
Analyzing the Weekly Flows
The EQ: Specialty channel successfully gathered a net $50M in new assets this week. The Equity: Specialty – Long | Short category captured the largest share of these inflows, taking in $30M on a total AUM base of $5.1B. Additionally, the Equity: Specialty – Hedged category attracted $19M in positive flows. Notably, neither of these primary categories experienced net outflows for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 27 | $5.1B | $30M | $150M | $438M | $880M | $1,091M |
| Equity: Specialty – Hedged | 52 | $11.5B | $19M | -$37M | $92M | $479M | $1,851M |
Top & Bottom 5 ETFs by 5-Day Flow
Looking at individual funds, the John Hancock Hedged Equity ETF (JHDG) led the way in capital gathering with $27M in 5-day inflows. On the outflow side, the Castellan Targeted Equity ETF (CTEF) and the Militia Long/Short Equity ETF (ORR) experienced the most significant redemptions, shedding $29M and $7M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JHDG | John Hancock Hedged Equity ETF | $27M |
| CLSE | Convergence Long/Short Equity ETF | $21M |
| IALT | iShares Systematic Alternatives Active ETF | $18M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $12M |
| OVLH | Overlay Shares Hedged Large Cap Equity ETF | $5M |
| Outflows | ||
| CTEF | Castellan Targeted Equity ETF | -$29M |
| ORR | Militia Long/Short Equity ETF | -$7M |
| CSM | ProShares Large Cap Core Plus | -$3M |
| PRAE | PlanRock Alternative Growth ETF | -$2M |
| HEQT | Simplify Hedged Equity ETF | -$2M |
Issuer League Table Update
JPMorgan continues to act as the dominant force in the EQ: Specialty space, leading all issuers with a 26.59% market share, followed by First Trust at 14.03%. From a flows perspective, John Hancock gathered the most weekly inflows across the channel with $27M. Conversely, Castellan recorded the largest outflows among all issuers, losing $29M for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.40B | 26.59% |
| First Trust | 1 | $2.32B | 14.03% |
| Fidelity | 2 | $0.89B | 5.39% |
| Alpha Architect | 2 | $0.68B | 4.13% |
| Swan | 1 | $0.68B | 4.13% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| John Hancock | $27M |
| Convergence | $21M |
| iShares | $18M |
| Outflows | |
| Castellan | -$29M |
| Militia | -$7M |
| ProShares | -$3M |
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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.
