First Eagle Active ETF Platform Surpasses $3 Billion in Assets Less than 18 Months after Launch
Rapid growth driven by global equity demand and accelerating active ETF adoption.
First Eagle Investments’ actively managed ETF platform has exceeded $3 billion in assets under management (AUM) as of May 12th, 2026, less than 18 months after its launch, underscoring accelerating investor adoption of active equity ETFs. Year-to-date inflows, led by global strategies, have already matched full-year 2025 totals in less than half the time, as investors increasingly turn to active, valuation-driven strategies amid elevated market concentration and volatility.
Launched in late 2024, First Eagle’s ETF platform currently includes four equity ETFs spanning global (FEGE), international (FEOE), US equity (USFE) and US mid cap (FEMD) exposures and are managed by First Eagle’s established investment teams, including the Global Value team led by Matt McLennan and the Small Cap team led by Bill Hench. The ETFs apply the firm’s longstanding benchmark-agnostic, bottom-up approach to balancing downside mitigation and long-term capital growth within a liquid, transparent ETF structure.
The pickup in active ETF demand comes as advisors across wirehouses, RIAs and independent platforms reassess passive allocations in highly concentrated markets and place greater emphasis on resilience, diversification and capital preservation. Active ETFs such as those managed by First Eagle are seen as an effective tool for gaining more selective, valuation-driven exposure and the potential for downside mitigation. Reflecting growing comfort with active ETFs as primary building blocks in client portfolios, advisors are deploying the strategies across multiple use cases, including core equity allocations, portfolio completion and more defensive positioning.
