We are pleased to announce the semi-annual updates to the Toroso ETF Industry Index and its 6-month birthday!

There have been many exciting changes in the industry and exciting updates for the Toroso ETF Industry Index. Our index has crossed the 6-month mark, significantly outpacing the competition! The Toroso ETF Industry Index advanced by 15.01% over the last 6 months compared to the KBW Nasdaq Bank Index (8.93%), the S&P Financial Select Sector Index (9.71%), and the S&P 500 index (7.71%).

We have added nine companies, most notably in the international space with the inclusion of two additional exchanges (London Stock Exchange, Deutsche Boerse) and an additional liquidity provider (Flow Traders), to name a few.  We have seen mergers (Janus, in the index merged with Henderson, to create The Janus Henderson Group – now included in the index update) and acquisitions (KCG Holdings was acquired by Virtu Financial, both holdings in the portfolio). Here is a list of changes:

Tier A:   No changes
Tier B:  

  • KCG Holdings (KCG) was acquired by Virtu Financial (VIRT)
  • Flow Traders (FLOW.NA) added to the Index

Tier C:

  • London Stock Exchange (LSE.LN) added to the Index
  • Goldman Sachs (GS) upgraded from tier D to tier C

Tier D:

  • Janus Capital Group (JNS) merged with Jenderson, replaced with Janus Henderson Group (JHG)
  • Thompson Reuters (TRI) added to the Index
  • Deutsche Boerse (DB1.GR) added to the Index
  • Cowen (COWN) added to the Index
  • Investment Technology Group (ITG) added to the Index
  • LPL Financial Holdings (LPLA) added to the Index
  • Interactive Brokers Group (IBKR) added to the Index
  • Manulife Financial (MFC) added to the Index

Look out for next week’s email including a review of best and worst performing sectors of the ETF Industry in the third quarter!

TETF INDEX Vs. LEADING FINANCIAL INDEXES 

INDEX PERFORMANCE DATA

ETFs VS MUTUAL FUNDS 

UNDERLYING TOP/BOTTOM 10 HOLDINGS PERFORMANCE  

ESTIMATED SALES GROWTH BY SECTOR

ESTIMATED EPS GROWTH BY SECTOR

US ETFs FLOWS
Domestic Vs International Equity Flows [Quarterly in Billions]

US ETFs FLOWS
Flows by Asset Class [Quarterly in Billions]