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ETF Feature
The Exchange
Alexa Gordon, Fixed Income Portfolio Manager, Goldman Sachs Asset Management
Alexa Gordon speaks with Douglas Yones, Head of Exchange Traded Products at the New York Stock Exchange.
ETF Expert Corner
Hear from the ETF experts as they provide their latest perspectives on the evolving ETF marketplace.
Week of June 10, 2024 KPI Summary
- This week, the industry experienced 12 ETF launches and 2 closures, shifting the 1-year Open-to-Close ratio to 2.69 and total US ETFs to 3,554.
- Happy Summer everyone! This Thursday, June 20, is the first day of summer. While Winter 2024 was hot with assets (+8.0%), let’s see how Spring 2024 fared (data comparing 3/18/2024 to 6/17/24).
- 5.1% increase in total assets (~$442 Bn) and a 3.2% increase in total US ETFs (+109).
- For comparison, Spring 2023 had 10.0% asset increase and +56 in ETFs.
- The ETF expense ratio 12-month revenue increased from $13.8 Bn to $14.9 Bn.
- Revenue from Active Management increased from 16.1% to 16.7% during the 3-month span.
- Issuers increased +18 (315 to 333). For comparison, Winter 2024 was +11.
- The National Oceanic and Atmospheric Administration released an article last week stating: “The average global May temperature was 2.12 degrees F (1.18 degrees C) above the 20th-century average of 58.6 degrees F (14.8 degrees C), ranking as the warmest May in NOAA’s 175-year global record. May 2024 marked the 12th-consecutive month of record-high temperatures for the planet.”
- While it hasn’t been 12 consecutive months of positive assets in the ETF industry, it has been positive 11 of the last 15 months and, more pertinently, a ‘hot’ Spring after a red hot Winter of growth with 5.1% assets increase and more new ETFs than Spring days!
- The tracked indexes had very different experiences over the Spring. Toroso ETF Industry Index was up 2.31% while the S&P Financial Select Sector Index trailed at -0.04%.
The Exchange
Ignacio Canto, President, X-Square Capital
What's the Fund
Vanguard - VTES
Vanguard Portfolio Manager Steve McFee talks to us about Vanguard Short-Term Tax-Exempt Bond ETF (NYSE Arca: VTES).
ETF 360
ProShares - SPXN
Simeon Hyman, Global Investment Strategist and Head of Investment Strategy at ProShares, along with VettaFi Head of Research, Todd Rosenbluth, discusses the ProShares S&P 500 Ex-Financials ETF (SPXN).
First Look ETFs
Kaiju, Sound Income Strategies (Tidal), Harbor Capital
Recently launched ETFs for our May episode are focused artificial intelligence (AI), high income and dividend strategies and the human capital factor.
The Exchange
Ignacio Canto, President, X-Square Capital
What's the Fund
Vanguard - VTES
Vanguard Portfolio Manager Steve McFee talks to us about Vanguard Short-Term Tax-Exempt Bond ETF (NYSE Arca: VTES).
ETF 360
ProShares - SPXN
Simeon Hyman, Global Investment Strategist and Head of Investment Strategy at ProShares, along with VettaFi Head of Research, Todd Rosenbluth, discusses the ProShares S&P 500 Ex-Financials ETF (SPXN).
First Look ETFs
Kaiju, Sound Income Strategies (Tidal), Harbor Capital
Recently launched ETFs for our May episode are focused artificial intelligence (AI), high income and dividend strategies and the human capital factor.
WTF: #WhatsTheFund
Everything you need to know about the latest NYSE-listed ETFs.
The Exchange
Hear from issuers as they take a deep dive into ETFs and industry topics on The Exchange.
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