Clough Capital’s Actively Managed ETF Platform Surpasses $100 Million in Assets Under Management

Key Terms

assets under management financial

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

net asset value (NAV) financial

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

market price financial

Market price is the current amount buyers are willing to pay and sellers are willing to accept for a share or other security at a given moment, like the tag on an item in a busy shop that changes with demand. It matters to investors because it determines what you would receive when selling or what you must pay to buy now, reflecting supply, demand and recent news that affect perceived value.

hedged equity financial

A hedged equity strategy pairs owning stocks with offsetting trades (like options or short positions) designed to limit losses if the market falls while still allowing for some upside if stocks rise. Think of it as buying a car and paying for insurance: you give up a bit of potential gain or pay a cost up front to reduce the chance of a big hit to your portfolio, which helps investors manage risk and stabilize returns.

short selling financial

An investing strategy where someone borrows shares and sells them now, planning to buy them back later at a lower price to return to the lender, pocketing the difference; if the price rises instead, the borrower loses money. Think of it like borrowing a book to sell today and hoping you can repurchase it cheaper later. Short selling matters because it lets investors bet against overvalued stocks, can add market liquidity and price discovery, but it also increases volatility and carries the risk of large or unlimited losses.

options financial

Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.

gross expense ratio financial

The gross expense ratio is the total annual cost of running an investment fund expressed as a percentage of the fund’s assets, calculated before any temporary fee waivers or reimbursements. It matters because those costs are taken out of returns, so a higher ratio is like a heavier toll on your investment’s growth; knowing it helps investors compare how much each fund’s management and operations will reduce long‑term returns.

bid/ask spread financial

The bid/ask spread is the difference between the highest price a buyer is willing to pay (the bid) and the lowest price a seller will accept (the ask) for a share or other security at a given moment. It matters to investors because a wider spread increases the implicit cost of trading and usually signals it’s harder or more expensive to buy or sell quickly, like paying a larger markup when exchanging money at an airport; a narrow spread means cheaper, smoother trading and better price accuracy.

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Milestone reflects growing investor demand for disciplined, research-driven, active equity strategies and Clough Capital’s commitment to delivering differentiated investment outcomes

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 strategies to navigate evolving market conditions.

“Reaching this milestone is a reflection of the consistent application of our investment process and the meaningful growth in investor demand for liquid alternatives that we've seen build over the past several years. Investors are increasingly recognizing the value in having the diversification and risk management capabilities that liquid alternatives aim to provide. This achievement also reinforces that active management has an important role to play in today’s market environment,” said Vince Lorusso, CEO and Portfolio Manager at Clough Capital. “In periods where market leadership broadens and volatility increases, the value of fundamental research and active decision-making becomes more pronounced. We have remained focused on building high‑conviction portfolios grounded in fundamental research, rather than chasing short‑term trends, and we believe that discipline continues to resonate with clients and across markets.”

The two ETFs advised by Clough Capital were listed on the NYSE Arca in November 2020. CBSE and CBLS were among the earlier entrants in the actively managed ETF space, and their growth reflects both the durability of that conviction and the continued evolution of investor preferences toward active ETFs.

With the investment landscape shifting toward fundamentals‑driven approaches and widening dispersion across sectors and individual securities, Clough Capital sees an environment that is well‑suited to active stock selection – precisely the environment in which its research‑intensive process is designed to thrive.

Strategy positioning and recent results

Recent performance and growing advisor adoption have contributed to the platform’s expansion.

• CBSE: Clough Capital’s high‑conviction, long‑only equity strategy, seeks capital appreciation and lower volatility than the broader market by investing in a concentrated portfolio of U.S.‑listed companies that appear fundamentally undervalued. As of March 31, 2026, CBSE earned a 5‑star 3‑year Morningstar Rating™ and a 4‑star overall Morningstar Rating™ based on risk‑adjusted returns, out of 158 and 147 funds, respectively, in the Morningstar Global Small/Mid Stock Category, and ranking in the 2nd percentile of its Morningstar Global Small/Mid Stock Category on a 3‑year basis out of 158 funds.
• CBLS: Clough Capital’s hedged equity strategy seeks long‑term capital appreciation with reduced market volatility through a portfolio of long and short equity positions, offering advisors and investors a differentiated, liquid alternative solution designed to participate in market upside while seeking to reduce volatility.

Together, CBSE and CBLS bring Clough Capital’s institutional‑caliber research capabilities to investors across a range of market environments. The firm’s investment approach integrates top-down macroeconomic insights, thematic research and bottom-up fundamental analysis to identify high‑conviction opportunities across sectors, industries and market cycles. This framework has been particularly relevant in the current environment, where shifting economic conditions and uneven market leadership have created a broader opportunity set for active managers.

Appreciation for clients and partners

“We are deeply grateful to our clients for their trust and partnership, and to the financial advisors, institutional allocators and distribution partners who have embraced our ETF strategies,” added Lorusso. “We also want to recognize the many service providers – including our index and data partners, authorized participants, market makers, custodians, administrators, legal and compliance advisors, listing exchange and media and communications teams – whose expertise and collaboration have helped us bring these strategies to market and support their growth over time.”

As Clough Capital continues to build its ETF platform, the firm remains focused on delivering differentiated investment solutions that align with its long‑standing philosophy of active management and long‑term value creation. Clough Capital’s total firm assets under management were approximately $1.4 billion as of March 31, 2026, spanning ETFs, closed‑end funds, hedge funds and institutional accounts.

Investors and financial professionals can learn more about CBSE, CBLS and Clough Capital’s actively managed ETF platform, including standardized performance and full risk disclosures, at www.cloughcapital.com.

Important information and disclosures

Investors should consider the investment objectives, risks, charges and expenses of the Clough Select Equity ETF and the Clough Hedged Equity ETF carefully before investing. This and other important information are contained in the ETFs’ prospectus, which may be obtained by visiting www.cloughcapital.com/etfs or by calling 855-393-0559. Please read the prospectus carefully before investing.

The Clough Capital ETFs are NYSE listed ETFs and may trade at a price above or below the ETFs’ NAV.

The Clough Capital ETFs are distributed by Paralel Distributors LLC. Paralel Distributors LLC and Clough Capital are not affiliated.

Investing involves risk, including the possible loss of principal. Equity securities may experience sudden or prolonged declines due to market-wide or issuer-specific factors. Short selling involves significant risk, including potentially unlimited losses as a security's price rises, ongoing expenses, and counterparty risk. The ETFs’ use of options for hedging or income may not be effective, may not fully protect against losses, and may result in additional costs or exposure to loss.

©2026 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar Rating^TM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating^TM does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating^TM for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10- year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Standardized performance and other important information for CBSE and CBLS can be found in the performance table below and on www.cloughcapital.com/etfs.

Clough Select Equity ETF (CBSE) Trailing Returns as of 3/31/2026	3 Month	YTD	1 Year	3 Year	5 Year	Since Inception
ETF Performance
Net Asset Value (NAV)	1.02%	1.02%	33.49%	19.44%	7.37%	14.23%
Market Price	1.13%	1.13%	33.65%	19.49%	7.34%	14.25%
Index Performance
World All-Cap Index1	-1.48%	-1.48%	21.80%	11.51%	4.51%	7.68%
Peer Group Performance
Morningstar Global Small/Mid Stock Category Avg2	1.00%	1.00%	20.92%	8.36%	1.31%	4.80%
Morningstar RatingTM	--	--	--	*****	****	--
ETF Rank Percentile3	--	--	20%	2%	18%	6%
# of Investments in Category	--	--	168	158	147	158
Clough Hedged Equity ETF (CBLS) Trailing Returns as of 3/31/2026	3 Month	YTD	1 Year	3 Year	5 Year	Since Inception
ETF Performance
Net Asset Value (NAV)	4.41%	4.41%	10.81%	11.82%	2.02%	7.36%
Market Price	4.42%	4.42%	10.81%	11.83%	1.93%	7.36%
Index Performance
World All-Cap Index1	-1.48%	-1.48%	21.80%	11.51%	4.51%	7.68%
World All-Cap/ UST 0-1 Yr 50/50 Index1	-0.19%	-0.19%	12.67%	8.08%	4.03%	5.51%
Peer Group Performance
Morningstar Equity Hedged Category Average2	-1.17%	-1.17%	12.43%	10.97%	7.04%	7.64%
Morningstar RatingTM	--	--	--	***	*	--
ETF Rank Percentile3	--	--	58%	40%	87%	46%
# of Investments in Category	--	--	161	138	116	138

Returns greater than one year are annualized.

CBSE Gross Expense Ratio: 0.85% and CBLS Gross Expense Ratio: 1.89% as of 2/27/2026. CBSE & CBLS inception: 11/13/2020.

Performance represents past performance and does not guarantee future results. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Current performance as of the most recent month end is available by calling 855-393-0559.

NAV returns are based on the ETF’s net asset value, which represents the market value of the ETF’s underlying investments minus liabilities divided by the ETF’s outstanding shares. Market price returns are based upon the midpoint of the bid/ask spread at 4:00pm Eastern Time, when the NAV is normally calculated.

1The Bloomberg World All-Cap Equal Weight TR Index (“World All-Cap Index”) is an equal weighted equity benchmark that covers 99% market cap of the measured market. The Bloomberg World All-Cap Equal Weight/UST 0-1 Yr 50/50 Index (“World All-Cap/UST 0-1 Yr 50/50 Index”) is a blend of 50% of the Bloomberg World All-Cap Equal Weight TR Index and 50% of the Bloomberg US Treasury 0-1 Year Maturity TR Index. Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

2Morningstar Category Averages are designed to represent the average return of funds within their category over time. Morningstar creates a category average daily total return index series, as well as monthly, quarterly, and annual averages of return and non-return data. Morningstar Category Averages are equal-weighted category returns. The calculation is simply the average of the returns for all the funds in a given category. In Morningstar, exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes.

3The rank percentile is based on total return within the Morningstar Global Small/Mid Stock Category.

About Clough Capital

Clough Capital is a boutique asset manager that crafts portfolios seeking to provide superior, risk‑adjusted returns for clients across a range of market environments. Founded in 2000 and headquartered in Boston, Massachusetts, the firm combines top‑down macroeconomic insights with bottom‑up fundamental research to construct high‑conviction portfolios across global equity and alternative strategies. As of March 31, 2026, Clough Capital managed approximately $1.4 billion in client assets across ETFs, closed‑end funds, hedge funds and institutional accounts.

CLOUGH CAPITAL: Always Active. Never Passive.

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Media Contact
Tucker Slosburg
Lyceus Group
mediarelations@cloughcapital.com

Source: Clough Capital Partners L.P.