Multi-Asset Momentum: Real Assets and Global Macro Take the Lead

Weekly Channel Summary: Multi-Asset ETFs

The Multi-Asset ETF channel currently consists of 135 ETFs managed by 78 brands, representing a total of $32.44B in Assets Under Management (AUM). The channel saw a positive week of investor interest with $162M in 5-day net flows, contributing to a Year-To-Date (YTD) total of $670M and an impressive 1-year flow total of $7.93B.

This Week’s Performance Leaders and Laggards

Target Risk Performance

The Target Risk categories showed positive across-the-board performance this week, led by Global Macro strategies which returned 1.06%. The Aggressive category was the relative laggard for the week, remaining essentially flat with a 0.03% gain.

Specialty Performance

Real Assets was the clear standout of the week, surging 2.21%. Inflation-hedging assets provided strong tailwinds, while Multi-Asset Income strategies delivered a more modest 0.37% gain.

Alternative Asset Sleeve Performance

The Alternative Asset Sleeve posted a solid 0.86% return this week. Performance was heavily driven by gold-centric strategies, with WisdomTree’s efficient gold miner and equity overlays leading the pack. Conversely, Bitcoin-linked strategies faced a difficult week, weighing on the category’s laggards.

Analyzing the Weekly Flows

The channel captured a total net inflow of $162M over the last 5 days. The Target Risk – Growth category was the significant leader, attracting $94M in new capital. Conversely, Multi-Asset Income strategies saw the largest absolute withdrawals, losing $13M during the period.

Top & Bottom 5 ETFs by 5-Day Flow

Issuer League Table Update

iShares continues to hold the largest market share in the Multi-Asset category at 27.93%, followed by Capital Group at 14.82%. Capital Group was the definitive “winner” of the week in terms of flows, capturing $98M through its single multi-asset product, CGBL. Summit Global Investments saw the largest brand-level outflows this week, losing $29M from its tactical strategy.

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.