Week of November 23, 2020 KPI Summary
The market continues to experience positive change in many aspects. This week, there were 6 new ETF launches, contrasted by only 1 closure, bringing total US ETFs to 2,293. This brought the Open-to-Close ratio up even more, now at 0.88. US ETF assets jumped up again this week, from $5.13 Tn to $5.25 Tn. Similarly, ETF Expense Ratio revenue climbed from $9.42 Bn to $9.64 Bn, 7.93% of which is from Active.
The month of November was generally very good for the financial sector with the S&P Financial Sector index returning 17.43% and the Toroso ETF Industry index returning 13.82%. Year to date in 2020, the returns are quite different with S&P Financial Sector index returning -5.70% and the Toroso ETF Industry index returning 18.75%. Toroso ETF Industry index has been helped by large merger and acquisitions deals like Morgan Stanley’s purchases of ETrade and Eaton Vance. Today, the Wall Street Journal reports that S&P Global seeks to acquire IHS Markit for $44 billion in stock.
ETF Launches
Dimensional International Core Equity Market ETF (ticker: DFAI)
Dimensional US Core Equity Market ETF (ticker: DFAU)
KFA Value Line® Dynamic Core Equity ETF (ticker: KVLE)
KraneShares CICC China 5G & Semiconductor ETF (ticker: KFVG)
Emles Luxury Goods ETF (ticker: LUXE)
Emles Protective Allocation ETF (ticker: DEFN)
ETF Closures
Arrow QVM Equity Factor ETF (ticker: QVM)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of November 27, 2020)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through November 27, 2020)
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.
