Capital Group Leads the Pack as Multi-Asset ETF Channel Surpasses $34B AUM

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Weekly Channel Summary

The Multi-Asset ETF channel encompasses 143 individual ETFs across 82 issuers, representing a total Assets Under Management (AUM) footprint of $34.17B. Short-term activity yielded net inflows of $126M over the trailing 5-day period. Examining the longer-term trend reveals strong continued demand, with Year-to-Date (YTD) flows totaling $3,895M and 1-Year flows hitting $10,458M.

This Week’s Performance Leaders and Laggards

Target Risk Performance

Target Risk categories faced broadly negative performance this week. Conservative portfolios best navigated the environment, down -0.31%, closely followed by Moderate (-0.34%) and Global Macro (-0.36%). Aggressive allocations absorbed the steepest declines, dropping -1.50%. Despite the macro drag, tactical momentum strategies like GMOM and MOOD managed to secure positive returns.

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Conservative -0.31% -3.33% -0.77% 1.27% -0.30% 7.29%
Moderate -0.34% -6.16% -1.27% 2.63% -0.25% 12.89%
Global Macro -0.36% -6.22% -1.58% 2.85% -0.25% 13.81%
Growth -0.66% -6.98% -3.54% -0.56% -2.73% 10.74%
Aggressive -1.50% -7.31% -4.81% -0.55% -3.96% 14.16%
Top 5 Target Risk ETFs
Ticker Fund Name WTD Performance
GMOM Cambria Global Momentum ETF 1.08%
MOOD Relative Sentiment Tactical Allocation ETF 0.98%
CLSM ETC Cabana Target Leading Sector Moderate ETF 0.98%
TRTY Cambria Trinity ETF 0.77%
DALI First Trust Dorsey Wright DALI Equity ETF 0.59%
Bottom 5 Target Risk ETFs
SPLS PIMCO US Stocks PLUS Active Bond Exchange-Traded Fund -2.29%
DYTA SGI Dynamic Tactical ETF -1.68%
TSPX Twin Oak Active Opportunities ETF -1.66%
RULE Collaborative Investment Series Trust – Adaptive Core ETF -1.46%
BAMA Brookstone Active ETF -1.43%

Specialty Performance

The Real Assets category was a bright spot, gaining 1.34% on the week, bringing its impressive 1-Year return to 30.41%. Multi-Asset Income, while down -0.49% for the week, saw individual outperformance from contrarian and high-yield structured products like LCO and CVY, whereas heavily leveraged and closed-end fund indexes pulled the aggregate performance lower.

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Real Assets 1.34% -3.77% 8.01% 13.67% 9.76% 30.41%
Multi-Asset Income -0.49% -4.76% -1.68% 0.07% -1.35% 7.20%
Top 5 Specialty ETFs
Ticker Fund Name WTD Performance
RLY State Street Multi-Asset Real Return ETF 2.24%
PPI Astoria Real Assets ETF 1.83%
LCO LOGIQ Contrarian Opportunities ETF 1.71%
RAAX VanEck Real Assets ETF 1.60%
CVY Invesco Zacks Multi-Asset Income ETF 0.58%
Bottom 5 Specialty ETFs
CEFD ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN -2.82%
PCEF Invesco CEF Income Composite ETF -1.78%
YYY Amplify CEF High Income ETF -1.43%
CANQ Calamos Nasdaq Equity & Income ETF -1.11%
FCEF First Trust Income Opportunities ETF -1.02%

Alternative Asset Sleeve Performance

The Alternative Asset Sleeve composite experienced significant volatility, resulting in a -3.28% decline over the past week. A large contributor to this drag was extreme weakness in cryptocurrency and digital asset strategies, dragging down the overall category. Conversely, efficient gold and stacked bond allocations proved resilient, providing robust positive alpha.

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Alternative Asset Sleeve -3.28% -8.39% -7.64% -6.03% -5.46% 19.88%
Top 5 Alternative Asset Sleeve ETFs
Ticker Fund Name WTD Performance
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund 3.53%
GLDB IDX Alternative FIAT ETF 0.34%
NTSI WisdomTree International Efficient Core Fund 0.20%
BPRO Bitwise Proficio Currency Debasement ETF 0.16%
RSBT Return Stacked Bonds & Managed Futures ETF 0.10%
Bottom 5 Alternative Asset Sleeve ETFs
ISSB IncomeSTKd 1 x US Stocks & 1x Bitcoin Premium ETF -9.98%
00QB One One Nasdaq-100 and Bitcoin ETF 1Shs -9.54%
00SB One One S&P 500 and Bitcoin ETF -8.73%
BTGD STKd 100% Bitcoin & 100% Gold ETF -7.86%
BITS Global X Blockchain & Bitcoin Strategy ETF -7.63%

Analyzing the Weekly Flows

Over the trailing 5 days, Multi-Asset channel net flows came in at a healthy $126M. Investors primarily allocated capital toward Target Risk – Growth strategies (which gathered the most inflows at $71M), followed closely by Specialty Real Assets ($40M). The Specialty Alternative Asset Sleeve experienced the largest volume of outflows, shedding -$11M over the same timeframe.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Target Risk – Growth 11 $9.79B $71M $162M $1,369M $1,313M $4,258M
Specialty Real Assets 4 $2.34B $40M $252M $737M $728M $1,070M
Target Risk – Aggressive 3 $3.04B $13M $37M $136M $126M $440M
Specialty Multi-Asset Income 25 $5.13B $8M $44M $265M $255M $1,007M
Target Risk – Moderate 20 $3.40B $6M $40M $79M $40M $218M
Target Risk – Conservative 6 $1.20B $5M $30M $51M $38M $140M
Target Risk – Global Macro 30 $4.52B -$7M $388M $914M $886M $1,882M
Specialty Alternative Asset Sleeve 34 $4.25B -$11M -$245M $448M $408M $1,150M

Top & Bottom 5 ETFs by 5-Day Flow

Top 5 Inflows
Ticker Fund Name 5-Day Flow
CGBL Capital Group Core Balanced ETF $64M
RLY State Street Multi-Asset Real Return ETF $26M
INCM Franklin Income Focus ETF Income Focus ETF $17M
AOA iShares Core 80/20 Aggressive Allocation ETF $13M
RAAX VanEck Real Assets ETF $10M
Bottom 5 Outflows
ALLW State Street Bridgewater All Weather ETF -$13M
GDE Wisdom Tree Efficient Gold Plus Equity Strategy Fund -$9M
INKM State Street Income Allocation ETF -$4M
GOLY Strategy Shares Gold Enhanced Yield ETF -$3M
YYY Amplify CEF High Income ETF -$3M

Issuer League Table Update

iShares remains the dominant player in the Multi-Asset space, commanding 26.50% of the channel’s AUM. Capital Group stands firmly in second place with 15.63%. Over the trailing 5-day period, Capital Group emerged as the undisputed winner by pulling in $64M in net assets. On the opposite side of the ledger, State Street experienced the steepest weekly asset drain, losing -$13M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 19 $9.05B 26.50%
Capital Group 1 $5.34B 15.63%
WisdomTree 7 $2.49B 7.30%
Franklin 1 $1.35B 3.95%
SPDR 3 $1.33B 3.90%

Top & Bottom 3 Issuers by 5-Day Flow

Top 3 Issuers (Inflows)
Brand 5-Day Flow
Capital Group $64M
SPDR $23M
iShares $22M
Bottom 3 Issuers (Outflows)
State Street -$13M
WisdomTree -$9M
Strategy Shares -$3M

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.