Week of October 25, 2021 KPI Summary
- This week, the industry experienced 13 new ETF launches and 6 closures, shifting the 2021 YTD Open-to-Close ratio to 3.36 and total US ETFs to 2,706.
- The month of October was an excellent month in the ETF industry.
- Total assets increased approximately 5.42%, an increase of 40 ETFs to the total US ETF count (2,706), and 1 additional issuer by brand.
- From our 11 asset class categories, Geared/Swaps increased the most (10.51%) and Fixed Income had the worst performance (0.88%). Note that all 11 asset classes had positive 1-month performance. The two largest asset classes of Equity (78.21% of assets) and Fixed Income (17.19%) surged 6.40% and rose slightly 0.88% respectively.
- ETF expense ratio 12-month revenue increased from $12.00 Billion to $12.62 Billion.
- October countered September’s drop in performance with a huge surge in assets across the board. The current 1-year open-to-close ratio of 3.36 is the highest of the past three years and assets are also at an all-time high, cusping the seven trillion-dollar mark.
- The tracked indexes had similar experiences in October. The Toroso ETF Industry Index was up 8.95% while the S&P Financial Select Sector Index trailed at 7.30%.
ETF Launches
FT Cboe Vest Buffered Allocation Defensive ETF (ticker: BUFT)
FT Cboe Vest Buffered Allocation Growth ETF (ticker: BUFG)
ProShares Nanotechnology ETF (ticker: TINY)
ProShares On-Demand ETF (ticker: OND)
ProShares Smart Materials ETF (ticker: TINT)
Advocate Rising Rate Hedge ETF (ticker: RRH)
Fount Metaverse ETF (ticker: MTVR)
Fount Subscription Economy ETF (ticker: SUBS)
Invesco ESG NASDAQ 100 ETF (ticker: QQMG)
Invesco ESG NASDAQ Next Gen 100 ETF (ticker: QQJG)
Roundhill IO Digital Infrastructure ETF (ticker: BYTE)
Volt Crypto Industry Revolution & Tech ETF (ticker: BTCR)
JPMorgan Income ETF (ticker: JPIE)
ETF Closures
VanEck Vectors Unconventional Oil & Gas ETF(ticker: FRAK)
VanEck Vectors Emerging Markets Aggregate Bond ETF (ticker: EMAG)
RiverFront Dynamic Unconstrained Inc ETF (ticker: RFUN)
Global X TargetIncome™ 5 ETF(ticker: TFIV)
Global X TargetIncome™ Plus 2 ETF(ticker: TFLT)
Global X MSCI China Large-Cap 50 ETF(ticker: CHIL)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of October 29, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through October 29, 2021)
Source: Morningstar Direct
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.
