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ETF Think Tank

ETF Industry KPI – 2/27/2023

This week, the industry experienced 7 ETF launches and 8 closures, shifting the 1-year Open-to-Close ratio to 2.47 and total US ETFs to 3,120.

ETF Think Tank
By ETF Think Tank · February 27, 2023
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ETF Industry KPI – 2/27/2023
  • This week, the industry experienced 7 ETF launches and 8 closures, shifting the 1-year Open-to-Close ratio to 2.47 and total US ETFs to 3,120.
  • After a fantastic month for the ETF industry in January, February experienced a downturn in assets. As a result, today’s blog will touch on February’s KPI review (comparing 1/30/23 to 2/27/23).
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  • Even though February was mediocre for assets, the industry is still looking good in 2023 with January’s surge. We’ll see how the industry can bounce back in March, which it typically does. For example, 2022 only had back-to-back negative performing months once (August and September).
  • The tracked indexes had similar experiences in February. The Toroso ETF Industry Index was down -1.02% while the S&P Financial Select Sector Index led at -0.32%.

  • ETF Launches
    iShares J.P. Morgan Broad USD Emerging Markets Bond ETF (ticker: BEMB)
    MicroSectors™ Gold -3X Inverse Leveraged ETN (ticker: DULL)
    FT Cboe Vest U.S. Equity Moderate Buffer ETF – February (ticker: GFEB)
    Horizon Kinetics Energy Remediation ETF (ticker: NVIR)
    Global X Nasdaq 100 ESG Covered Call ETF (ticker: QYLE)
    MicroSectors™ Gold 3X Leveraged ETN (ticker: SHNY)
    Global X S&P ESG Covered Call ETF (ticker: XYLE)

    ETF Closures
    APEX HealthCare ETF (ticker: APXH)
    ELEMENTS MLCX Biofuels Exchange Series Total Return ETN (ticker: FUE)
    iPath® Gold ETN (ticker: GBUG)
    iPath® S&P MLP ETN (ticker: IMLP)
    iPath® Silver ETN (ticker: SBUG)
    ELEMENTS MLCX Grains Total Return ETN (ticker: GRU)
    7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (ticker: RZC)
    UBC Algorithmic Fundamentals ETF (ticker: UBCB)

    Fund/Ticker Changes
    None

TETF.Index Performance vs. S&P Financial Select Sector Index (as of February 24, 2023)

TETF.Index Performance vs. Other Leading Financial Indices (March 31, 2017 through February 24, 2023)

Source: Morningstar Direct

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