ETF Industry KPIs – 11/18/2024

• The current 1 Year ETF Open-to-Close ratio sits at 3.55.
• The total number of US ETFs has risen to 3,834.

Our Toroso ETF Industry Index, which tracks companies generating revenue from the ETF ecosystem, rose 1.42% last week, underperforming the S&P Financial Select Sector Index, which rose by 1.44 %.

ETF activity from the past week includes:

GraniteShares Powers Up with New Single Stock ETFs: GraniteShares just expanded its single-stock ETF suite with three new products targeting Micron (MULL), Taiwan Semiconductor (TSMU), and CrowdStrike (CRWL), bringing its total offerings to 19. These ETFs allow investors to access +2x the daily performance of TSM and CRWD, while offering -2x the daily performance of Micron. The launch is significant as GraniteShares, now managing over $9 billion in AUM, continues to excel in the single-stock ETF space.

Dimensional Debuts Ex-China ETF: Dimensional has launched its Emerging Markets ex China Core Equity ETF (DEXC), targeting emerging market equities while avoiding China. This actively managed fund emphasizes small-cap, value, and profitability factors, catering to investors seeking to sidestep China’s economic uncertainty while tapping broader emerging market opportunities. The significance lies in Dimensional’s growing presence as a top-10 ETF issuer and the appeal of ex-China strategies, which have gained traction.

First Manhattan Unveils High-Conviction Equity ETF: First Manhattan has launched its FM Compounders Equity ETF (FMCE), an actively managed portfolio targeting 25-35 high-conviction U.S. equities with durable free cash flow. With its roots in six decades of research and a legacy tied to Berkshire Hathaway’s early investors, this ETF combines fundamental stock picking with the tax-efficient ETF structure. This launch reflects a broader trend of traditional asset managers embracing ETFs to deliver their expertise in a modern-day wrapper.

ETF Launches

GraniteShares 2x Long CRWD Daily ETF (ticker: CRWL)
Dimensional Emering Markets ex China Core Equity ETF (ticker: DEXC)
FM Compounders Equity ETF (ticker: FMCE)
iShares LifePath Target Date 2070 ETF (ticker: ITDJ)
Janus Henderson Income ETF (ticker: JIII)
GraniteShares 2x Short MU Daily ETF (ticker: MULL)
GraniteShares 2x Long TSM Daily ETF (ticker: TSMU)

ETF Closures

None

Fund/Ticker Changes

None

TETF.Index Performance vs. S&P Financial Select Sector Index
(as of November 15, 2024)

TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through November 15, 2024)