Weekly Channel Summary
The EQ: Specialty channel currently manages approximately $14.4B in total assets across 75 ETFs from 53 different issuers. Activity in the channel remains healthy with seven new product launches in the past three months. This past week, the channel attracted $181M in net new money, continuing a positive trend that has seen $195M in YTD flows and a robust $3.32B over the past rolling year.
This Week’s Performance Leaders and Laggards
Broad performance across the specialty channel was positive this week, led by the Equity: Specialty – Hedged category which posted a 1.54% return. The Equity: Specialty – Long | Short category trailed slightly but still delivered a solid 1.44% gain for the week. On a year-to-date basis, both categories remain in positive territory, with Hedged and Long | Short up 1.71% and 1.89%, respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 1.54% | 1.67% | 2.68% | 9.37% | 1.71% | 13.33% |
| Equity: Specialty – Long | Short | 1.44% | 2.35% | 2.40% | 6.14% | 1.89% | 8.57% |
Top & Bottom 5 ETFs by Weekly Performance
The individual performance leader this week was the Amplify BlackSwan Growth & Treasury Core ETF (SWAN), which surged 5.00%. Conversely, the Efficient Market Portfolio Plus ETF Trust Units (EMPB) and the Gotham Short Strategies ETF (SHRT) struggled, falling -2.46% and -1.87% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SWAN | Amplify BlackSwan Growth & Treasury Core ETF | 5.00% |
| HFEQ | Unlimited HFEQ Equity Long/Short ETF | 4.16% |
| AAVM | Alpha Architect Global Factor Equity ETF | 3.54% |
| LSEQ | Harbor Long-Short Equity ETF | 3.31% |
| CBLS | Clough Hedged Equity ETF | 3.28% |
| Bottom Performers | ||
| EMPB | Efficient Market Portfolio Plus ETF Trust Units | -2.46% |
| SHRT | Gotham Short Strategies ETF | -1.87% |
| MKTN | Federated Hermes MDT Market Neutral ETF | -1.10% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.89% |
| QBER | TrueShares Quarterly Bear Hedge ETF | -0.06% |
Analyzing the Weekly Flows
The channel recorded a net inflow of $181M this week. The Equity: Specialty – Hedged category, which manages $10.4B in AUM, saw $90M in new investment. Matching that total, the Equity: Specialty – Long | Short category also received $90M in weekly inflows, reflecting balanced demand across the channel’s sub-strategies. No major category-level outflows were reported for the period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 50 | $10.4B | $90M | $464M | $740M | $99M | $2,705M |
| Equity: Specialty – Long | Short | 25 | $4.1B | $90M | $151M | $319M | $95M | $614M |
Top & Bottom 5 ETFs by 5-Day Flow
In terms of individual funds, the JPMorgan Hedged Equity Laddered Overlay ETF (HELO) led the way with $35M in weekly inflows. On the opposite side, the Toews Agility Shares Managed Risk ETF (MRSK) and the Harbor Long-Short Equity ETF (LSEQ) experienced the largest withdrawals, seeing outflows of -$22M and -$3M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $35M |
| FHEQ | Fidelity Hedged Equity ETF | $31M |
| ORR | Militia Long/Short Equity ETF | $30M |
| HBTA | Horizon Expedition Plus ETF | $17M |
| MKTN | Federated Hermes MDT Market Neutral ETF | $15M |
| Outflows | ||
| MRSK | Toews Agility Shares Managed Risk ETF | -$22M |
| LSEQ | Harbor Long-Short Equity ETF | -$3M |
| ZHDG | Zega Buy & Hedge ETF | -$1M |
| SHDG | Soundwatch Hedged Equity ETF | -$1M |
Issuer League Table Update
The issuer landscape in the specialty channel is dominated by JPMorgan and First Trust, who together control over 42% of the market share. JPMorgan cemented its lead this week by capturing the most in weekly inflows ($35M). Among the top issuers, Toews faced the largest outflows, seeing -$22M leave its managed risk platform.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $3.96B | 27.44% |
| First Trust | 1 | $2.17B | 15.02% |
| Fidelity | 2 | $0.81B | 5.58% |
| Simplify | 5 | $0.66B | 4.58% |
| Swan | 1 | $0.61B | 4.21% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $35M |
| Fidelity | $32M |
| Militia | $30M |
| Outflows | |
| Toews | -$22M |
| Harbor | -$3M |
| ZEGA | -$1M |
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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.
