Tema ETFs Hits $5B AUM in Three Years, Driven by Institutional Surge
Event summary
- Tema ETFs reached $5.36B in AUM as of June 15, 2026, up from $5M at launch in May 2023.
- The firm added $3B in AUM in the first five months of 2026 alone.
- Over 90% of Tema's funds are estimated to be held by institutional investors.
- Backed by Index Ventures, Accel Partners, and Zinal Growth among others.
The big picture
Tema's rapid AUM growth underscores the accelerating institutional shift toward actively managed ETFs, particularly among advisors and professional investors. The firm's ability to attract over $3B in new assets this year alone highlights both the demand for specialized risk management solutions and the competitive advantages of its founder-led team. This marks one of the fastest AUM scaling trajectories in the actively managed ETF space.
What we're watching
- Institutional Momentum
- How Tema will sustain its >90% institutional adoption rate amid broader ETF market competition.
- Performance Pressure
- Whether Tema's actively managed strategies can maintain outperformance as AUM scales.
- Competitive Positioning
- The pace at which Tema expands its product suite to defend against rivals targeting institutional clients.
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