Week of March 1, 2021 KPI Summary
This week, the industry experienced 8 new ETF launches and 2 closures, shifting the 2021 YTD Open-to-Close ratio to 1.24. Minimum change in assets this past week, up 0.07%. Looking at the indexes, Active ETF assets have crossed the two hundred-billion-dollar mark and have increased approximately 20% over the past three months, with Non-Traditional increasing 8% and Traditional index ETFs up 5%. Traditional indexes still manage the most assets of the three categories, 67.4%, with Non-traditional trailing behind at 28.3%, yet totaling more than half of the total number of ETFs: 1263 total ETFs. Both indexes experienced some change this week, Toroso ETF Industry Index was up 3.17% and S&P Financial Select Sector Index led at 4.38%, with 9.84% and 14.43% YTD respectively.
ETF Launches
Alger Mid Cap 40 ETF (ticker: FRTY)
TrueShares Structured Outcome (March) ETF (ticker: MARZ)
Fidelity® Investment Grade Bond ETF (ticker: FIGB)
Fidelity® Investment Grade Securitized ETF (ticker: FSEC)
FT Cboe Vest Gold Target Income ETF (ticker: IGLD)
JPMorgan Short Duration Core Plus ETF (ticker: JSCP)
VanEck Vectors Social Sentiment ETF (ticker: BUZZ)
ASYMshares® ASYMmetric 500 ETF (ticker: ASPY)
ETF Closures
FlexShares Currency Hedged Morningstar® EM Factor Tilt Index Fund (ticker: TLEH)
FlexShares Currency Hedged Morningstar® DM ex-US Factor Tilt Index Fund (ticker: TLDH)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of March 5, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through March 5, 2021)
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.
DISCLAIMER
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.
