Biggest Active ETFs By Asset Class

March 19, 2018

Alternatives ETFs

There are fewer than 20 actively managed alternatives ETFs on the market today, the biggest of which is the relatively young JPMorgan Diversified Alternatives ETF (JPHF). The fund, launched in September 2016, has $175 million in total assets.

So far in 2018, JPHF has attracted some $20 million in net inflows, following net creations of more than $106 million in 2017. JPHF isn’t cheap, at 0.85% in expense ratio, but it’s relatively competitive given the complexity of the fund, according to FactSet data. The ETF trades with an average spread of 0.22%.

JPHF is an alternatives ETF that allocates across various hedge-fund-style strategies including equity long/short, event-driven and global macro. JPHF can go anywhere, really, in a multi-asset basket designed for absolute return. The fund is down nearly 3% for the year.

 

 

Currency ETFs

Another scarcely populated segment of the ETF market is the active currency space. Here, the WisdomTree Emerging Currency Strategy Fund (CEW) leads, with a modest $45 million in AUM.

The fund is an emerging market basket that equal-weights a basket of 15 currencies, tracking how these currencies do relative to the U.S. dollar.

CEW, launched in 2009, costs 0.55% in expense ratio and trades with an average 0.18% spread. The fund has actually been struggling to attract new assets. Instead, it has seen about $10 million in net redemptions this year, following $1 million in net outflows in 2017.

 

Charts courtesy of StockCharts.com

Contact Cinthia Murphy at [email protected]

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