Week of November 30, 2020 KPI Summary
This week, there were 9 new ETF launches, and only 5 closures. This change brought the Open-to-Close ratio back up to 0.91 – this is the first time the Open-to-Close ratio has been at or above 0.90 since November 1. US ETF assets experienced another increase, going from $5.25 Tn to $5.32 Tn. ETF Expense Ratio revenue, however, saw a dramatic increase, jumping from $9.64 Bn to $10.79 Bn. The importance of Active ETF revenue continues to impact the ETF industry. Active ETFs now account for 3% of ETF assets with 441 funds and $160 Bn in AUM. The average weight fee for active funds is 0.506% which should produce about $81 Mn in annual revenue or close to 8% of the overall ETF sponsor revenue.
Amplify Pure Junior Gold Miners ETF (ticker: JGLD)
Ballast Small/Mid Cap ETF (ticker: MGMT)
Invesco High Yield Bond Factor ETF (ticker: IHYF)
KFA Mount Lucas Strategy ETF (ticker: KMLM)
TrueShares Structured Outcome ETF December (ticker: DECZ)
Dimensional Emerging Core Equity Market ETF (ticker: DFAE)
VanEck Vectors Investment Grade Corporate ETF (ticker: MIG)
VanEck Vectors Moody’s Aly BBB Corporate Bond ETF (ticker: MBBB)
QRAFT AI-Enhanced US Next Value ETF (ticker: NVQ)
TigerShares China-U.S. Internet Titans ETF (ticker: TTTN)
Sit Rising Rate ETF (ticker: RISE)
C-Tracks ETN Miller/Howard Strategic Dividend Reinvestor (ticker: DIVC)
C-Tracks ETN Based on Performance of M/H MLP Fundamental (ticker: MLPC)
UBS ETRACS Monthly Pay 2x Leveraged S&P Dividend ETN (ticker: SDYL)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of December 4, 2020)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through December 4, 2020)
Why Follow the ETF Industry KPIs
The team at Toroso Investments began tracking the ETF Industry Key Performance Indicators (KPI’s) in the early 2000’s and have been consistently reporting on, and analyzing these metrics ever since. The table above was the impetus for the creation of the TETF.Index, the index that tracks the ETF industry. Each week, we will share the statistics we believe to be the most useful for identifying industry trends, in addition to the performance of the TEFT.Index.
Past performance is no guarantee of future returns. This article is for informational and educational purposes only; is not intended to constitute legal, tax, accounting or investment advice; and does not constitute an offer to sell or a solicitation of an offer to buy any security or service. Furthermore, the Indexes shown above are not investable. While Toroso has gathered the information presented from sources that it believes to be reliable, Toroso cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed are Toroso’s opinions and do not reflect the opinions of any affiliates or related persons. All opinions are current only as of the date of initial publication and are subject to change without notice. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested.