ETF Industry KPIs – 9/3/2024

• Last week was the quietest for ETF launches in 10 weeks, the fewest since June 24th.
• The 1 Year ETF Open-to-Close ratio sits as 3.12.
• The total number of US ETFs has risen to 3,669, representing a year-to-date growth of 8.6%.

Our Toroso ETF Industry Index, which tracks companies generating revenue from the ETF ecosystem, rose 1.21% last week, underperforming the S&P Financial Select Sector Index, which rose by 2.95%.

ETF launches from the past week include:

• VanEck releases first ever Fabless Semiconductor ETF: As semiconductors become increasingly vital to industries like AI, machine learning, smartphones, and data centers, investor enthusiasm is similarly on the rise. VanEck, the ETF issuer behind the largest semiconductor ETF, SMH (~$22B AUM), is pioneering the first Fabless Semiconductor ETF, SMHX. This new ETF targets companies that design and sell chips but chooses to outsource manufacturing to specialized foundries. This approach allows fabless companies to focus on design innovation, while being unburdened by the financial and logistical demands of manufacturing.
• Global X Launches Similar ETF to Popular Flagship Fund: Global X, a leading thematic issuer with ~$50b in AUM, is expanding its successful infrastructure franchise with IPAV, a new ETF complementing its popular US Infrastructure Development ETF, PAVE (~$7.9b AUM). While PAVE focuses on infrastructure development, construction, and maintenance inside the United States, IPAV targets companies outside of the United States, providing exposure to critical infrastructure development companies across both developed and emerging markets outside of the U.S.
• KraneShares launch an AI Driven China ETF: KraneShares, a leading provider of China-focused ETFs, has introduced the KraneShares China Alpha Index ETF (KCAI), a cutting-edge investment vehicle designed to outperform the CSI 300 Index. The CSI 300 Index is a benchmark for China’s top 300 publicly traded companies listed on the Shanghai and Shenzhen exchanges. KCAI’s underlying Qi China Alpha Index utilizes a proprietary machine learning approach to systematically identify and optimize alpha opportunities in China A-Shares, aiming to deliver excess returns.

ETF Launches

ERShares Private-Public Crossover ETF (ticker: XOVR)
Global X Infrastructure Development ex-U.S. ETF (ticker: IPAV)
Harbor Active Small Cap ETF (ticker: SMLL)
KraneShares China Alpha Index ETF (ticker: KCAI)
VanEck Fabless Semiconductor ETF (ticker: SMHX)

ETF Closures

None

Fund/Ticker Changes

None

TETF.Index Performance vs. S&P Financial Select Sector Index
(as of August 30, 2024)

TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through August 30, 2024)