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ETF Industry KPI

Posted by Michael Venuto on Aug 8, 2022 2:14:07 PM
Michael Venuto
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Week of August 1, 2022 KPI Summary
  • This week, the industry experienced 5 ETF launches and 7 closures, shifting the 1-year Open-to-Close ratio to 3.66 and total US ETFs to 2,977.

  • With minimal changes this week, let’s take a look at how Issuers have fared thus far in 2022.

    • There were 45 Issuers with an AUM over two billion dollars at the start of 2022, which is now only 41 funds above that threshold (and 25 funds between $1-2 Billion).

    •  Of the 45 funds, merely 13 have increased their AUM YTD.  

      • The top 5 issuers in AUM change, in order, are Pacer (+55.1%), Innovator, America Century, BMO, and Dimensional (who had the largest leap of nearly +$16 billion). 

      • The bottom 5 issuers in AUM performance in order are Exchange Traded Concepts (due to a fund leaving the platform), Ark Financial, Advisorshares, Robo Global, and Cabana (both on the ETC platform). The largest loser was iShares (-9.35% change) with approximately -$231 billion loss in AUM YTD.

      • The average AUM change of these top 45 Issuers is -5.07% compared to ETF Universe total assets change of -8.06% YTD. 

  • The tracked indexes have similar experiences YTD. The Toroso ETF Industry Index is down -17.20% while the S&P Financial Select Sector Index leads at -12.87%.

KPI-Aug-08-2022-02-53-03-60-PM


ETF Launches

Sprott ESG Gold ETF (ticker: SESG)
Horizon Kinetics Blockchain Development ETF (ticker: BCDF)
Touchstone Dividend Select ETF (ticker: DVND)
Schwab Crypto Thematic ETF (ticker: STCE)
Touchstone Ultra Short Income ETF (ticker: TUSI)


ETF Closures

NextGen Trend and Defend ETF (ticker: TRDF)
SonicShares™ Airlines, Hotels, Cruise Lines ETF (ticker: TRYP)
AI Powered International Equity ETF (ticker: AIIQ)
Euclid Capital Growth ETF (ticker: EUCG)
Uncommon Portfolio Design Core Equity ETF (ticker: UGCE)
Volshares Large Cap ETF (ticker: VSL)
ARK Transparency ETF (ticker: CTRU)


Fund/Ticker Changes

First Trust Global Engineering and Construction ETF (ticker: FLM)
became First Trust Alerian U.S. NextGen Infrastructure ETF (ticker: RBLD)

Franklin LibertyQ Global Equity ETF (ticker: FLQG)
became Franklin U.S. Equity Index ETF (ticker: USPX)

Franklin LibertyQ Emerging Markets ETF (ticker: FLQE)
became Franklin Emerging Market Core Dividend Tilt Index ETF (ticker: DIEM)

Franklin LibertyQ International Equity Hedged ETF (ticker: FLQH)
became Franklin International Core Dividend Tilt Index ETF (ticker: DIVI)

Franklin LibertyQ Global Dividend ETF (ticker: FLQD)
became Franklin U.S. Core Dividend Tilt Index ETF (ticker: UDIV)

TETF.Index Performance vs. S&P Financial Select Sector Index
(as of August 5, 2022)

table-Aug-08-2022-02-53-03-31-PM


TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through August 5, 2022)

chart-Aug-08-2022-02-53-03-42-PM

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.

Topics: ETF Industry KPI’s

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