ETF Industry KPI – 6/5/2023

• Active ETFs now command more than $400 billion in assets, or about 5.6% of all U.S.-listed ETF assets. They also represent 13% of all revenue generated from expense ratios.
• Appetite for active ETFs, which so far in 2023 has commanded roughly 30% of all net inflows, also continues to grow as investors look for diversification, for alpha and for risk management opportunities in challenging markets.

The ongoing demand for ways to manage downside risk in the face of uncertainty has also fueled the growth of a segment we call “Buffer ETFs” – funds that offer access to U.S. equities but rely on options contracts to deliver downside protection in pre-determined tranches.  

• There are now about 140 Buffer ETFs in the market with more than $25 billion in total assets across them.
• FT Cboe Vest, Allianz, Innovator and TrueShares are among the most prolific issuers in this category.

As a final note, our proprietary Toroso ETF Industry Index (TETF), which measures the performance of the ETF industry as a whole,  continued its outperformance relative to the S&P Financial Select Sector Index since inception (chart below).

ETF Launches

QRAFT AI-Pilot U.S. Large Cap Dynamic Beta ETF (ticker: AIDB)
BlackRock Flexible Income ETF (ticker: BINC)
BlackRock Large Cap Value ETF (ticker: BLCV)
FT Cboe Vest U.S. Equity Moderate Buffer ETF – May (ticker: GMAY)
FT Cboe Vest U.S. Small Cap Moderate Buffer ETF – May (ticker: SMAY)
AllianzIM U.S. Large Cap Buffer10 June ETF (ticker: JUNT)
AllianzIM U.S. Large Cap Buffer20 June ETF (ticker: JUNW)
Global X Carbon Credits Strategy ETF (ticker: NTRL)
X-Square Municipal Income Tax Free ETF (ticker: ZTAX)

ETF Closures

Upholdings Compound Kings ETF (ticker: KNGS)
KraneShares Global Carbon Transformation ETF (ticker: KGHG)
Alpha Intelligent – Large Cap Growth ETF (ticker: AILG)
Alpha Intelligent – Large Cap Value ETF (ticker: AILV)
Fount Subscription Economy ETF (ticker: SUBS)

Fund/Ticker Changes

None

TETF.Index Performance vs. S&P Financial Select Sector Index (as of June 2, 2023)

TETF.Index Performance vs. Other Leading Financial Indices (March 31, 2017 through June 2, 2023)