{"id":932,"date":"2021-07-08T13:25:05","date_gmt":"2021-07-08T13:25:05","guid":{"rendered":"https:\/\/investwithanedge.com\/?page_id=932"},"modified":"2021-07-08T13:25:05","modified_gmt":"2021-07-08T13:25:05","slug":"etf-stats-for-march-2014-first-etf-conversion-to-mutual-fund","status":"publish","type":"page","link":"https:\/\/investwithanedge.com\/etf-stats-for-march-2014-first-etf-conversion-to-mutual-fund\/","title":{"rendered":"ETF Stats for March 2014 \u2013 First ETF Conversion to Mutual Fund"},"content":{"rendered":"
March was the only month of the past twelve that failed to produce a net increase in the number of ETP listings. A dozen new ETFs and one ETN came to market, but those figures were offset by thirteen ETF closures. The net change of zero leaves the overall count at 1,568 (consisting of 1,365 ETFs and 203 ETNs). The actively managed fund count also held steady at 85 with one new introduction and one closure.<\/p>\n
One of the more interesting events occurring during the month was the conversion of an ETF to an old fashion open-end mutual fund. To our knowledge, this is a first for the U.S. ETF industry and probably caught some shareholders off-guard. March 21 was the last day of trading for the Pax MSCI EAFE ESG Index ETF (EAPS). Ten days later, shareholder statements were showing a different holding \u2013 the Pax World International ESG Index Fund (PXNIX), a newly formed mutual fund that reused an existing ticker symbol while keeping the track record of EAPS. There have been many forecasts and predictions about the ETF industry, but this is one thing that wasn\u2019t supposed to happen.<\/p>\n
ETP assets grew by 0.8% in March and now total $1.74 trillion. The number of products exceeding $1 billion shrunk by one to 225, and they account for 88.4% of all ETP assets. Funds with more than $10 billion now number 38, and while that represents just 2.4% of listings, they account for the majority (53.7%) of assets. The 782 smallest products add up to only 1% of industry assets.<\/p>\n
March trading activity increased 8.6% over the February level, reaching $1.55 trillion. This falls short of industry asset levels, resulting in a 89% turnover rate for the month. As usual, the SPDR S&P 500 ETF (SPY) grabbed the lion\u2019s share, accounting for 30.7% of all ETP dollar volume for the month.<\/p>\n
March 2014 Month End<\/th>\n | ETFs<\/th>\n | ETNs<\/th>\n | Total<\/th>\n<\/tr>\n<\/thead>\n |
---|---|---|---|
Currently Listed U.S.<\/td>\n | 1,365<\/td>\n | 203<\/td>\n | 1,568<\/td>\n<\/tr>\n |
Listed as of 12\/31\/2013<\/td>\n | 1,332<\/td>\n | 204<\/td>\n | 1,536<\/td>\n<\/tr>\n |
New Introductions for Month<\/td>\n | 12<\/td>\n | 1<\/td>\n | 13<\/td>\n<\/tr>\n |
Delistings\/Closures for Month<\/td>\n | 13<\/td>\n | 0<\/td>\n | 13<\/td>\n<\/tr>\n |
Net Change for Month<\/td>\n | -1<\/td>\n | +1<\/td>\n | 0<\/td>\n<\/tr>\n |
New Introductions 6 Months<\/td>\n | 100<\/td>\n | 5<\/td>\n | 105<\/td>\n<\/tr>\n |
New Introductions YTD<\/td>\n | 52<\/td>\n | 1<\/td>\n | 53<\/td>\n<\/tr>\n |
Delistings\/Closures YTD<\/td>\n | 19<\/td>\n | 2<\/td>\n | 21<\/td>\n<\/tr>\n |
Net Change YTD<\/td>\n | +33<\/td>\n | -1<\/td>\n | +32<\/td>\n<\/tr>\n |
Actively-Managed Listings<\/td>\n | 85 (+1-1)<\/td>\n | n\/a<\/td>\n | 85 (+1-1)<\/td>\n<\/tr>\n |
Assets Under Mgmt ($ billion)<\/td>\n | $1,717<\/td>\n | $25.7<\/td>\n | $1,748<\/td>\n<\/tr>\n |
% Change in Assets for Month<\/td>\n | +0.8%<\/td>\n | +4.2%<\/td>\n | +0.8%<\/td>\n<\/tr>\n |
Qty AUM > $10 Billion<\/td>\n | 38<\/td>\n | 0<\/td>\n | 38<\/td>\n<\/tr>\n |
Qty AUM > $1 Billion<\/td>\n | 217<\/td>\n | 8<\/td>\n | 225<\/td>\n<\/tr>\n |
Qty AUM > $100 Million<\/td>\n | 697<\/td>\n | 33<\/td>\n | 730<\/td>\n<\/tr>\n |
% with AUM > $100 Million<\/td>\n | 51.1%<\/td>\n | 16.3%<\/td>\n | 46.6%<\/td>\n<\/tr>\n |
Monthly $ Volume ($ billion)<\/td>\n | $1,498<\/td>\n | $50.4<\/td>\n | $1,549<\/td>\n<\/tr>\n |
% Change in Monthly $ Volume<\/td>\n | +9.4%<\/td>\n | -7.4%<\/td>\n | +8.6%<\/td>\n<\/tr>\n |
Avg Daily $ Volume > $1 Billion<\/td>\n | 10<\/td>\n | 1<\/td>\n | 11<\/td>\n<\/tr>\n |
Avg Daily $ Volume > $100 Million<\/td>\n | 84<\/td>\n | 2<\/td>\n | 86<\/td>\n<\/tr>\n |
Avg Daily $ Volume > $10 Million<\/td>\n | 262<\/td>\n | 10<\/td>\n | 272<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Data sources: Daily prices and volume of individual ETPs from Norgate Premium Data. Fund counts and all other information compiled by Invest With An Edge.<\/p>\n New products launched in March<\/strong> (sorted by launch date):<\/p>\n Product closures\/delistings in March:<\/strong><\/p>\n Product changes in March:<\/strong><\/p>\n Announced Product Changes for Coming Months:<\/p>\n Previous monthly ETF statistics reports are available here.<\/p>\n Disclosure covering writer, editor, publisher, and affiliates: No positions in any of the securities mentioned. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" March was the only month of the past twelve that failed to produce a net increase in the number of ETP listings. A dozen new ETFs and one ETN came to market, but those figures were offset by thirteen ETF closures. The net change of zero leaves the overall count at 1,568 (consisting of 1,365 …<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/932"}],"collection":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/comments?post=932"}],"version-history":[{"count":0,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/932\/revisions"}],"wp:attachment":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/media?parent=932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |