ETF Industry KPI – 3/20/2023

• Today is the first day of Spring so Happy Spring everyone! The 2023 Winter weather for much of the US was mild compared to previous years, but let’s see how the ETF industry fared (data comparing 12/18/2022 to 3/19/2023)
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• Winter 2023 turned out to be mild with assets, just like the weather. We have also seen the continued trend of more closures and fewer new issuers coming into the space. On the bright side, innovation is still coming from current issuers and assets are stabilizing on an upward trajectory.
• The tracked indexes had similar experiences over the Winter. Toroso ETF Industry Index was down -3.55% while the S&P Financial Select Sector Index trailed at -7.55%.

ETF Launches

First Trust Bloomberg Inflation Sensitive Equity ETF (ticker: FTIF)
American Century Multisector Floating Income ETF (ticker: FUSI)
JPMorgan Active China ETF (ticker: JCHI)

ETF Closures

Invesco DB G10 Currency Harvest ETF (ticker: DBV)
Invesco DB Silver ETF (ticker: DBS)
Invesco DB Gold ETF (ticker: DGL)

Fund/Ticker Changes

Bridgeway Omni Tax-Managed Small-Cap Value Fund (ticker: BOTSX)
became EA Bridgeway Omni Small-Cap Value ETF (ticker: BSVO)

TETF.Index Performance vs. S&P Financial Select Sector Index (as of March 17, 2023)

TETF.Index Performance vs. Other Leading Financial Indices (March 31, 2017 through March 17, 2023)

Source: Morningstar Direct