Week of June 5, 2023 KPI Summary
Ryan Fitzgerald- This week, the industry experienced 5 ETF launches and 1 closure, shifting the 1-year Open-to-Close ratio to 2.12 and total US ETFs to 3,166.
- With no major weekly updates in our KPIs, let’s look back and do a May monthly overview coming off a rare back-to-back increase in industry assets in March and April (data comparing 4/30/2023 to 6/4/2023).
- Total assets increased 1.71%, there was an increase of 23 ETFs to total US ETF count (3,162), and 3 additional issuers by brand.
- Of our 11 asset class categories, Geared/Swaps increased the most (7.5%) with Options next (7.2%). Currency had the worst performance again (-17.0%) with Commodities Derivative at second worst again (-7.7%) like April. The two largest asset classes of Equity (76.4% of assets) and Fixed Income (19.0%) rose 2.8% and 0.2% respectively.
- The ETF expense ratio annual revenue inched up from $11.7 Bn to $11.9 Bn.
- Since January, May has been the next best month of 2023 for the ETF industry. Total assets have increased for the 3rd month in a row, something that hasn’t happened in 2+ years. After a slow month of total ETF count in April, May is back on track with a typical addition of funds and new issuers.
- The tracked indexes had similar experiences in May. The Toroso ETF Industry Index was up 2.6% while the S&P Financial Select Sector Index trailed at 1.5%.
ETF Launches
Goldman Sachs MarketBeta® Total International Equity ETF (ticker: GXUS)
Franklin Income Focus ETF (ticker: INCM)
LHA Risk-Managed Income ETF (ticker: RMIF)
Running Oak Efficient Growth ETF (ticker: RUNN)
iShares Climate Conscious & Transition MSCI USA ETF (ticker: USCL)
ETF Closures
Subversive Metaverse ETF (ticker: PUNK)
Fund/Ticker Changes
Invesco S&P 500® Equal Weight Communication Services ETF (ticker: EWCO)
became Invesco S&P 500® Equal Weight Communication Services ETF (ticker: RSPC)
Invesco S&P 500® Equal Weight Real Estate ETF (ticker: EWRE)
became Invesco S&P 500® Equal Weight Real Estate ETF (ticker: RSPR)
Invesco S&P 500® Equal Weight Consumer Discretionary ETF (ticker: RCD)
became Invesco S&P 500® Equal Weight Consumer Discretionary ETF (ticker: RSPD)
Invesco S&P 500® Equal Weight Industrials ETF (ticker: RGI)
became Invesco S&P 500® Equal Weight Industrials ETF (ticker: RSPN)
Invesco S&P 500® Equal Weight Consumer Staples ETF (ticker: RHS)
became Invesco S&P 500® Equal Weight Consumer Staples ETF (ticker: RSPS)
Invesco S&P 500® Equal Weight Materials ETF (ticker: RTM)
became Invesco S&P 500® Equal Weight Materials ETF (ticker: RSPM)
Invesco S&P 500® Equal Weight Energy ETF (ticker: RYE)
became Invesco S&P 500® Equal Weight Energy ETF (ticker: RSPG)
Invesco S&P 500® Equal Weight Financials ETF (ticker: RYF)
became Invesco S&P 500® Equal Weight Financials ETF (ticker: RSPF)
Invesco S&P 500® Equal Weight Health Care ETF (ticker: RYH)
became Invesco S&P 500® Equal Weight Health Care ETF (ticker: RSPH)
Invesco S&P 500® Equal Weight Technology ETF (ticker: RYT)
became Invesco S&P 500® Equal Weight Technology ETF (ticker: RSPT)
Invesco S&P 500® Equal Weight Utilities ETF (ticker: RYU)
became Invesco S&P 500® Equal Weight Utilities ETF (ticker: RSPU)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of June 9, 2023)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through June 9, 2023)
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.
