Week of September 19, 2022 KPI summary

This week, the industry experienced 4 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 3.58 and total US ETFs to 3,024.

It is finally getting cooler, and Fall is here! Let’s take a look at how the ETF Industry handled the heat of Summer 2022 (data compares June 19, 2022 to September 25, 2022):

> 2.51% increase in total US ETFs (+74), but a -0.43% decrease in total assets (approximately $26 Bn).

> From our 11 asset class categories, Managed Futures increased the most in assets (83.6%) with Currency as next highest (22.5%). Commodities Derivative had the largest drop in assets (-24.9%) with Commodities Physical close behind (-19.3%). The two largest asset classes of Equity (75.6% of assets) and Fixed Income (19.5%) declined -0.4% and up 2.2% respectively.

> > The Managed Futures category is actually up 254.8% since the beginning of Spring! This category totals $1.35 Bn from 5 funds.

> 3.4% decrease in ETF expense ratio 12-month revenue.

> Revenue from Active ETFs shot up from 11.64% to 12.23%.

> Same number of issuers (259) at the end of Summer. 

After a positive start to the Summer, assets declined to finish around where they started. Summers performance closely mimics Winter 2022, where assets were down -0.85% and ETF listings were +90. This is 3 straight seasons of a dip in assets yet rise in ETF listings and revenue from Active ETFs.

The tracked indexes had different experiences over the Summer. Toroso ETF Industry Index was down -2.74% while the S&P Financial Select Sector Index led at 0.14%.