Week of November 4, 2024 KPI Summary
During the first full week of November, the ETF industry saw 11 new launches, 1 ticker change, and 7 fund closures.
- The current 1 Year ETF Open-to-Close ratio sits at 3.49, slightly falling from 3.53.
- The total number of US ETFs has risen to 3,830.
Our Toroso ETF Industry Index, which tracks companies generating revenue from the ETF ecosystem, rose 4.97% last week, underperforming the S&P Financial Select Sector Index, which rose by 5.60%.
ETF activity from the past week includes:
Major ETF Issuers Release Fixed Income ETFs:
- Blackrock: iShares just launched a suite of iBonds Ladder ETFs on U.S. Treasuries (LDRT), TIPS (LDRI), corporates (LDRC), and high-yield bonds (LDRG), each spanning five maturity years. This move provides a “bond ladder in a box,” making it easy for advisors and investors to manage interest rate risk and target higher yields without piecing together individual bonds.
- Vanguard: Vanguard’s two new active municipal bond ETFs—Core Tax-Exempt Bond ETF (VCRM) and Short Duration Tax-Exempt Bond ETF (VSDM)—are set to bring an active spin to tax-exempt income. Managed by Vanguard’s Fixed Income Group, these funds aim to deliver diversified exposure to high-quality municipal bonds with an ultra-competitive 0.12% expense ratio.
Morgan Stanley Adds to their ETF Line-up: Morgan Stanley Investment Management (MSIM) just launched the Parametric Equity Plus ETF (PEPS), adding a unique twist to the U.S. large-cap space with direct indexing and an options overlay. This new strategy aims for long-term capital appreciation with the potential for equity market outperformance and tax benefits, tapping into the demand for enhanced risk management. The launch is significant as it marks MSIM’s rapid growth in the ETF space, pushing its platform to $3.3 billion in assets across 16 strategies.
ETF Launches
BNY Mellon Dynamic Value ETF (ticker: BKDV)
Aptus Deferred Income ETF (ticker: DEFR)
Fundstrat Granny Shots US Large Cap ETF (ticker: GRNY)
iShares iBonds 1-5 Year Corporate Ladder ETF (ticker: LDRC)
iShares iBonds 1-5 Year High Yield and Income Ladder ETF (ticker: LDRH)
iShares iBonds 1-5 Year TIPS Ladder ETF (ticker: LDRI)
iShares iBonds 1-5 Year Treasury Ladder ETF (ticker: LDRT)
Parametric Equity Plus ETF (ticker: PEPS)
Principal International Equity ETF (ticker: PIEQ)
Vanguard Core Tax-Exempt Bond ETF (ticker: VCRM)
Vanguard Short Duration Tax-Exempt Bond ETF (ticker: VSDM)
ETF Closures
ClearBridge Focus Value ESG ETF (ticker: CFCV)
Credit Suisse FI Enhanced Europe 50 ETN (ticker: FEUL)
Credit Suisse FI Large Cap Growth Enhanced ETN (ticker: FLGE)
MicroSectors Cannabis ETN (ticker: MJJ)
MicroSectors Cannabis 2X Leveraged ETN (ticker: MJO)
SmartETFs Advertising & Marketing Technology ETF (ticker: MRAD)
Credit Suisse X-Links Monthly Pay 2x Leveraged Mortgage REIT ETN (ticker: REML)
Fund/Ticker Changes
Xtrackers MSCI EMs ESG Leaders Equity ETF (ticker: EMSG)
became Xtrackers MSCI Emerging Markets Climate Selection ETF (ticker: EMCS)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of November 8, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through November 8, 2024)
Why Follow the ETF Industry KPIs
The team at Tidal Investments, originally operating as Toroso Investments, began tracking the ETF Industry Key Performance Indicators (KPIs) in the early 2000s and have been consistently reporting on, and analyzing these metrics ever since. This diligent tracking was the catalyst for the creation of the TETF.Index, an index that tracks the ETF industry. Now, as part of the Tidal Financial Group, which is affiliated with Tidal Investments, LLC, we are positioned to provide even more in-depth analysis and insights. 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 TETF.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 Tidal Investments, LLC (formerly known as Toroso Investments, LLC) has gathered the information presented from sources that it believes to be reliable, Tidal Investments, LLC 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 Tidal Investments, LLC’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.
