Week of September 19, 2022 KPI Summary
- This week, the industry experienced 4 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 3.58 and total US ETFs to 3,024.
- It is finally getting cooler, and Fall is here! Let’s take a look at how the ETF Industry handled the heat of Summer 2022 (data compares June 19, 2022 to September 25, 2022):
- 2.51% increase in total US ETFs (+74), but a -0.43% decrease in total assets (approximately $26 Bn).
- From our 11 asset class categories, Managed Futures increased the most in assets (83.6%) with Currency as next highest (22.5%). Commodities Derivative had the largest drop in assets (-24.9%) with Commodities Physical close behind (-19.3%). The two largest asset classes of Equity (75.6% of assets) and Fixed Income (19.5%) declined -0.4% and up 2.2% respectively.
- The Managed Futures category is actually up 254.8% since the beginning of Spring! This category totals $1.35 Bn from 5 funds.
- 3.4% decrease in ETF expense ratio 12-month revenue.
- Revenue from Active ETFs shot up from 11.64% to 12.23%.
- Same number of issuers (259) at the end of Summer.
- After a positive start to the Summer, assets declined to finish around where they started. Summers performance closely mimics Winter 2022, where assets were down -0.85% and ETF listings were +90. This is 3 straight seasons of a dip in assets yet rise in ETF listings and revenue from Active ETFs.
- The tracked indexes had different experiences over the Summer. Toroso ETF Industry Index was down -2.74% while the S&P Financial Select Sector Index led at 0.14%.
ETF Launches
Carbon Collective Climate Solutions U.S. Equity ETF (ticker: CCSO)
FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF – September (ticker: XSEP)
iShares MSCI Water Management Multisector ETF (ticker: IWTR)
WisdomTree Emerging Markets ex-China ETF (ticker: XC)
ETF Closures
None
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of September 23, 2022)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through September 23, 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.
