ETF Industry KPI – 1/30/2023

Asset growth, too, is showing resilience despite challenging markets. So far in 2023, total U.S.-listed ETF assets have risen some 6.6% (asset flows + performance) nearing the $7 trillion mark.

Two noteworthy events this week among the launches and closures:

> Among the ETF launches, one brand new issuer entered the ETF market: Panagram Structured Asset Management, a firm specializing in credit asset management.

> > Their ETF offers access to BBB-B-rated collateralized loan obligations (CLOs), ticker “CLOZ”. This is the second CLO ETF to launch just this year, broadening access to a segment of the market that has been known to be the turf of institutions and professional investors.

Most ETF closures take place in the first 1 to 3 years of a fund – those are the hardest asset gathering years until a fund has enough live track record and asset base to find its way into various platforms and the advisory channel.

> This week, however, we bid farewell to an ETF that was about to celebrate its sweet 16: FNI from First Trust.

> FNI was an emerging market equity ETF focused on Asia-Pacific. This is an ETF segment that is really small, and currently includes only a couple of ETF from issuers including Matthews Asia, DawnGlobal and Guinness Atkinson.

ETF Launches

FT Cboe Vest U.S. Equity Moderate Buffer ETF (ticker: GJAN)
Panagram BBB-B Clo ETF (ticker: CLOZ)
Fidelity Tactical Bond ETF (ticker: FTBD)
Timothy Plan Market Neutral ETF (ticker: TPMN)

ETF Closures

First Trust Chindia ETF (ticker: FNI)
AXS FOMO ETF (ticker: FOMO)
Amberwave Invest USA JSG ETF (ticker: IUSA)
QRAFT AI-Enhanced US High Dividend ETF (ticker: HDIV)

Fund/Ticker Changes

None

TETF.Index Performance vs. S&P Financial Select Sector Index (as of January 27, 2023)

TETF.Index Performance vs. Other Leading Financial Indices (March 31, 2017 through January 27, 2023)

Source: Morningstar Direct