A New York City-based ETF boutique saw a 74.6 percent one-day jump in the AUM of its funds, thanks to big inflows earlier this week.
| Robert "Bob" Joseph Shea, Jr.|
TrimTabs Asset Management
CEO, Co-Chief Investment Officer
James Seyffart of Bloomberg Intelligence noted
yesterday that on Wednesday the TrimTabs All Cap U.S. Free-Cash-Flow ETF
) brought in $70 million in inflows. (ETF.com
estimates more precisely that TTAC gained $69.83 million in net inflows on Wednesday.) Those inflows boosted the fund's AUM to $183.44 million.
TTAC is an active equity that will be four years old on September 28. Wednesday's inflows account for a whopping 43.1 percent of the $161.92 million in total inflows into the ETF since inception. And the Wednesday inflows dwarf TTAC's total net inflows (as of Wednesday) so far this month ($68.83 million), this quarter ($66.87 million), YTD ($52.73 million), and the past 12 months ($49.82 million).
TTAC's big days follows the appointment
, back in January, of a new CEO for 12-year-old Trim Tabs Asset Management
]. TTAM is a sibling of the 30-year-old TrimTabs Investment Research.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now