Week of September 16, 2024 KPI Summary
During the third week of September, the ETF industry saw 38 new launches and 2 fund closures.
- The ETF industry has launched an incredible 95 ETFs over the past three weeks.
- The current 1 Year ETF Open-to-Close ratio sits at 3.33.
- The total number of US ETFs has risen to 3,754, representing a year-to-date growth of 11%.
Our Toroso ETF Industry Index, which tracks companies generating revenue from the ETF ecosystem, rose 2.75% last week, outperforming the S&P Financial Select Sector Index, which rose by 2.36%.
ETF activity from the past week includes:
- Pacer ETFs Launches Two New International Funds
- International Patent Leaders ETF: Pacer ETFs launches Nasdaq International Patent Leaders ETF (PATN), tracking the top 100 international companies by patent valuation, offering exposure to innovation-driven growth beyond the US. PATN is the first ETF to prioritize international patent leaders, utilizing patent valuation as a benchmark for competitive advantage. This growth-oriented fund offers investors a unique gateway to international markets.
- Global Industry Advantage ETF: Pacer ETFs has launched the MSCI World Industry Advantage ETF (GLBL), investing in companies across 23 developed markets with industry-specific strengths, such as luxury goods in France, manufacturing in Germany, and Japan for automobiles and electronics. GLBL offers growth-focused investors access to quality innovation and successful companies with sector-specific advantages.
- Intelligent Funds launches the first ETF powered by LLMs: Intelligent Alpha has launched its debut fund, The Intelligent Livermore ETF (LIVR), an investment strategy that leverages artificial intelligence (AI) to identify opportunities in key growth areas. LIVR’s AI-driven portfolio will focus on AI, Latin American equities, Asian equities, renewables and energy, and defensive stocks, as selected by its AI investment committee. LIVR sets a precedent as the first public AI-driven investment strategy, utilizing large-language models, like Chat GPT, Claude, and Gemini to inform its investment decisions.
ETF Launches
GammaRoad Market Navigation ETF (ticker: GMMA)
Intelligent Livermore ETF (ticker: LIVR)
Innovator U.S. Small Cap Managed Floor ETF (ticker: RFLR)
Janus Henderson Mid Cap Growth Alpha ETF (ticker: JMID)
Pacer MSCI World Industry Advantage ETF (ticker: GLBL)
Pacer Nasdaq International Patent Leaders ETF (ticker: PATN)
Palmer Square CLO Senior Debt ETF (ticker: PSQA)
Palmer Square Credit Opportunities ETF (ticker: PSQO)
Stone Ridge 2048 Longevity Income ETF (ticker: LFAE)
Stone Ridge 2049 Longevity Income ETF (ticker: LFAF)
Stone Ridge 2050 Longevity Income ETF (ticker: LFAI)
Stone Ridge 2051 Longevity Income ETF (ticker: LFAJ)
Stone Ridge 2052 Longevity Income ETF (ticker: LFAK)
Stone Ridge 2053 Longevity Income ETF (ticker: LFAL)
Stone Ridge 2055 Longevity Income ETF (ticker: LFAO)
Stone Ridge 2056 Longevity Income ETF (ticker: LFAQ)
Stone Ridge 2057 Longevity Income ETF (ticker: LFAR)
Stone Ridge 2058 Longevity Income ETF (ticker: LFAU)
Stone Ridge 2060 Longevity Income ETF (ticker: LFAW)
Stone Ridge 2061 Longevity Income ETF (ticker: LFAX)
Stone Ridge 2062 Longevity Income ETF (ticker: LFAZ)
Stone Ridge 2063 Longevity Income ETF (ticker: LFBB)
Stone Ridge 2048 Inflation-Protection Longevity Income ETF (ticker: LIAB)
Stone Ridge 2049 Inflation-Protection Longevity Income ETF (ticker: LIAC)
Stone Ridge 2050 Inflation-Protection Longevity Income ETF (ticker: LIAE)
Stone Ridge 2051 Inflation-Protection Longevity Income ETF (ticker: LIAF)
Stone Ridge 2052 Inflation-Protection Longevity Income ETF (ticker: LIAG)
Stone Ridge 2053 Inflation-Protection Longevity Income ETF (ticker: LIAJ)
Stone Ridge 2055 Inflation-Protection Longevity Income ETF (ticker: LIAM)
Stone Ridge 2056 Inflation-Protection Longevity Income ETF (ticker: LIAO)
Stone Ridge 2057 Inflation-Protection Longevity Income ETF (ticker: LIAP)
Stone Ridge 2058 Inflation-Protection Longevity Income ETF (ticker: LIAQ)
Stone Ridge 2060 Inflation-Protection Longevity Income ETF (ticker: LIAU)
Stone Ridge 2061 Inflation-Protection Longevity Income ETF (ticker: LIAV)
Stone Ridge 2062 Inflation-Protection Longevity Income ETF (ticker: LIAW)
Stone Ridge 2063 Inflation-Protection Longevity Income ETF (ticker: LIAX)
T-REX 2X Long MSTR Daily Target ETF (ticker: MSTU)
T-REX 2X Inverse MSTR Daily Target ETF (ticker: MSTZ)
ETF Closures
Teucrium AiLA Long-Short Agriculture Strategy ETF (ticker: OAIA)
Alpha Dog ETF (ticker: RUFF)
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of September 20, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through September 20, 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.
