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Friday, August 28, 2020

Inflows Boost an ETF By 75 Percent In a Day

News summary by MFWire's editors

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 (TTAC) 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) [profile]. TTAM is a sibling of the 30-year-old TrimTabs Investment Research. 

Edited by: Neil Anderson, Managing Editor

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