Week of August 15, 2022 KPI Summary
- This week, the industry experienced 6 ETF launches and 3 closures, shifting the 1-year Open-to-Close ratio to 3.82 and total US ETFs to 2,996.
- Today we start by taking a broad look at the three main ETF categories: those tracking traditional indexes, those tied to non-traditional indexes, and actively managed funds. We go for a deeper dive in the active category.
- Active ETFs have captured more market share of the Index category in terms of Assets and Number of Funds. There has been an increase of 147 Active funds YTD compared to +24 for Non-Traditional and +1 for Traditional Index. Secondly, Non-Traditional and Traditional Index categories have decreased in assets (both -7.22% YTD), while Active funds have increased +11.6%, from 4.0% to 4.8% of total assets (+$33.5 million). A massive difference!
- Our KPI image also features the Predicted 12-Month Revenue from Active ETFs every week, which has increased from 9.67% at the start of the year to 11.64% today (+1.96%). Meanwhile Traditional Index dropped -2.54% to 45.03% of the total, and Non-Traditional jumped +0.57% to 43.34% of the total.
- Though Active Funds are still a small piece of total ETF assets, the growth in total funds and its market performance is accelerating its beneficial influence to industry revenue.
- Both indexes experienced minimal change last week. Toroso ETF Industry Index was down -2.92% while the S&P Financial Select Sector Index led at -1.72%.
ETF Launches
Argent Mid Cap ETF (ticker: AMID)
Aztlan Global Stock Selection Dm SMID ETF (ticker: AZTD)
BlackRock Future Financial and Technology ETF (ticker: BPAY)
Conductor Global Equity Value ETF (ticker: CGV)
ConvexityShares 1x SPIKES Futures ETF (ticker: SPKX)
ConvexityShares Daily 1.5x SPIKES Futures ETF (ticker: SPKY)
ETF Closures
MicroSectors™ FANG+™ Index -2X Inverse Leveraged ETN (ticker: FNGZ)
Trend Aggregation Growth ETF (ticker: TAAG)
ETFMG Real Estate Tech ETF (ticker: HHH)
Fund/Ticker Changes
Logan Capital Large Cap Growth Fund ETF (ticker: LGNGX)
became Logan Capital Broad Innovative Growth ETF (ticker: LCLG)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of August 19, 2022)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through August 19, 2022)
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.
