Week of September 26, 2022 KPI summary

This week, the industry experienced 9 ETF launches and zero closures, shifting the 1-year Open-to-Close ratio to 3.42 and total US ETFs to 3,033.

September was a down month for the ETF industry in terms of assets. It was 3rd worst in 2022 thus far with April (-7.53) and June (-7.22) being slightly below. Note the data below will compare 9/4/22 KPIs to 10/2/22.

> Total assets decreased -6.68%, there was an increase of 46 ETFs to total US ETF count (3,033), and +3 additional issuers by brand.

> From our 11 asset class categories, Managed Futures increased the most by far (47.28%) with Currency as the only other category in the black (0.43%). Commodities Derivative had the worst performance (-9.22%) with Geared/Swaps closely behind (-8.24%). The two largest asset classes of Equity (75.32% of assets) and Fixed Income (19.79%) dropped -7.81% and -2.44% respectively.

> > Note, this is consecutive months with Managed Futures and Currency as the top 2.

> ETF expense ratio 12-month revenue decreased from $10.86 Billion to $10.06 Billion.

> Revenue from Active ETFs inched up from 11.98% to 12.30%.

After a +2.53% first week of September, assets dropped -9.0% from $6.54 Tn to $5.95 Tn. ETF assets dropped below $6 Tn, testing 18-month lows in a sign that the markets are sparing no one. On the other hand, the increase of 46 ETFs this month is a large jump from August’s +8.

The tracked indexes had similar experiences in September. The Toroso ETF Industry Index was down -9.00% while the S&P Financial Select Sector Index led at -7.76%.