Clough Select Equity ETF

CBSE

Market cap $46.8M

BOSTON--(BUSINESS WIRE)--Clough Capital Partners L.P. (“Clough Capital”), a boutique asset manager with more than 26 years of investment experience, today announced that its actively managed ETF platform has surpassed $100 million in assets under management (AUM). This milestone reflects steady growth across Clough Capital's ETF lineup, including the Clough Select Equity ETF (NYSE Arca: CBSE) and the Clough Hedged Equity ETF (NYSE Arca: CBLS), as investors increasingly turn to actively managed.

Strong returns in U.S. stocks, particularly over the past two plus years, have led investors to question the relative lack of companies going public via the IPO process — as well as the potential implications for the IPO market in the long term. According to active equity managers, a combination of increased public market regulation, a reduced pipeline of potential offerings following the prior boom, the rising role of large private asset managers in capital raising, and near-term uncertainty surrounding government policy are all contributing factors. At Russell Investments, we think investors benefit from taking a long-term view.

The new year is poised for a resurgence in tech IPOs, as lower interest rates and an investor shift to small- and mid-cap companies combine to create a more welcoming market for debuts. The current environment presents the most favorable conditions for the recovery of IPOs in the past three years. The S&P 400 Midcap Index and the S&P 600 Index have outperformed the S&P 500 Index since the US election Nov. 5.