Harbor and AGF Dominate Specialty Fund Performance and Flows

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Weekly Channel Summary

The EQ: Specialty channel currently manages $15.7B in total assets across 79 ETFs from 54 distinct issuers. Over the past week, the space saw positive momentum with $92M in net inflows. This builds on a strong long-term trend, pushing Year-to-Date (YTD) inflows to $1.01B and 1-Year flows to an impressive $3.42B.

This Week’s Performance Leaders and Laggards

This week, the Equity: Specialty – Long | Short category led the way, posting a Week-to-Date (WTD) return of 0.33%, bringing its Year-to-Date (YTD) performance to a solid 4.28%. Conversely, the Equity: Specialty – Hedged category lagged slightly, declining -0.14% WTD, though it remains in positive territory for the year at 1.63%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Equity: Specialty – Long | Short 0.33% 1.18% 4.54% 7.94% 4.28% 12.07%
Equity: Specialty – Hedged -0.14% 0.19% 1.55% 6.67% 1.63% 13.05%

Top & Bottom 5 ETFs by Weekly Performance

Among individual funds, the Harbor Long-Short Equity ETF (LSEQ) was the standout performer, surging 3.84% WTD. On the other end of the spectrum, the Simplify VettaFi Private Credit Strategy ETF (PCR) and the FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF (AINT) experienced the steepest declines, dropping -3.51% and -3.48% respectively.

Ticker Fund Name WTD Performance
Top Performers
LSEQ Harbor Long-Short Equity ETF 3.84%
MEMA Man Active Emerging Markets Alternative ETF 2.41%
CLIX ProShares Long Online/Short Stores ETF 2.02%
NLSI NEOS Long/Short Equity Income ETF 1.94%
ORR Militia Long/Short Equity ETF 1.93%
Bottom Performers
PCR Simplify VettaFi Private Credit Strategy ETF -3.51%
AINT FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF -3.48%
VAMO Cambria Value & Momentum ETF -1.85%
CLSE Convergence Long/Short Equity ETF -1.22%
CTEF Castellan Targeted Equity ETF -1.03%

Analyzing the Weekly Flows

The channel attracted a total of $92M in net new money over the past week. The Equity: Specialty – Long | Short category was the primary driver, pulling in $70M to bring its total AUM to $4.6B. The Equity: Specialty – Hedged category also contributed to the positive flow trend with $22M in new assets. Notably, neither of the channel’s core categories suffered net outflows this week.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Equity: Specialty – Long | Short 27 $4.6B $70M $272M $646M $554M $887M
Equity: Specialty – Hedged 52 $11.1B $22M $169M $885M $456M $2,536M

Top & Bottom 5 ETFs by 5-Day Flow

Looking at individual products, the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) dominated the inflows chart, gathering $38M over the five-day period. Meanwhile, the Twin Oak Endure ETF (SPYA) and the Toews Agility Shares Managed Risk ETF (MRSK) experienced the largest redemptions, bleeding -$15M and -$10M in outflows, respectively.

Ticker Fund Name 5-Day Flow
Inflows
BTAL AGF U.S. Market Neutral Anti-Beta Fund $38M
ORR Militia Long/Short Equity ETF $14M
ONEH TrueShares Equity Hedge ETF $13M
CAOS Alpha Architect Tail Risk ETF $13M
HOLA JPMorgan International Hedged Equity Laddered Overlay ETF $11M
Outflows
SPYA Twin Oak Endure ETF -$15M
MRSK Toews Agility Shares Managed Risk ETF -$10M
QBER TrueShares Quarterly Bear Hedge ETF -$8M
CSM ProShares Large Cap Core Plus -$2M
QBUL TrueShares Quarterly Bull Hedge ETF -$1M

Issuer League Table Update

JPMorgan and First Trust currently dominate the market share within the channel, commanding 26.60% and 13.95% of total assets, respectively. When looking at recent capital allocation, AGF led all issuers with $38M in weekly inflows, while Twin Oak faced the heaviest headwinds, shedding -$15M in assets.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
JPMorgan 3 $4.17B 26.60%
First Trust 1 $2.19B 13.95%
Fidelity 2 $0.86B 5.47%
Simplify 5 $0.66B 4.19%
Swan 1 $0.62B 3.96%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
AGF $38M
JPMorgan $18M
Militia $14M
Outflows
Twin Oak -$15M
Toews -$10M
ProShares -$2M

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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.