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ETF Industry KPIs – 3/18/2024
This week, the industry experienced 7 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 2.09 and total US ETFs to 3,445.
- This week, the industry experienced 7 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 2.09 and total US ETFs to 3,445.
- Tomorrow, Tuesday March 19, is the first day of Spring! Let’s see if the ETF industry was hot just like the weather over the last 3-months (data comparing 12/18/23 to 3/17/24).8.0% increase in total assets (~$640 Bn) and a 2.0% increase in total US ETFs (+67).For comparison, Winter 2023 had 1.4% asset increase and +33 in ETFs.The ETF expense ratio 12-month revenue increased from $12.7 Bn to $13.8 Bn.Revenue from Active Management increased from 15.2% to 16.1% during the 3-month span.Issuers increased +11 (306 to 315). For comparison, Winter 2022 was +23 and Winter 2023 was +2.Lastly, Winter 2023 featured an “ETF Launched Last 12-months” mark of +387 and by end of Winter 2024 was +566. This is a serious uptick for the ETF universe to manage.
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- Winter 2024 was “the warmest recorded in the United States in more than a century” according to CPR News. Temperatures were on average 5.4 degrees warmer in the continental US. Similarly, the ETF industry was on a heater in terms of assets and total ETFs. Time will tell if this bull run will continue into the Spring in terms of weather and ETFs.
- The tracked indexes very different experiences over the Winter. Toroso ETF Industry Index was up 9.67% while the S&P Financial Select Sector Index trailed at 5.37%.
ETF Launches
iShares S&P 500 BuyWrite ETF (ticker: IVVW)
iShares Russell 2000 BuyWrite ETF (ticker: IWMW)
Polen Capital China Growth ETF (ticker: PCCE)
Polenn Capital International Growth ETF (ticker: PCIG)
BondBloxx IR+M Tax-Aware Short Duration ETF (ticker: TAXX)
WisdomTree 7-10 Year Laddered Treasury ETF (ticker: USIN)
WisdomTree 1-3 Year Laddered Treasure ETF (ticker: USSH)
ETF Closures
None
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of March 15, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through March 15, 2024)
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Further reading
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ETF Industry KPIs – 9/16/2024
ETF Industry KPIs – 9/3/2024
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Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
