📈 MainSpring ETFs- ETF Market Recap

9.13.2024 | Daily ETF Market Morning Spring

Author

Addison
September 13, 2024 • Estimated Reading Time: 7 minutes

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Friday, September 13th, 2024 ☠️ 

Good morning and happy Friday investors,

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Data reflects end-of-day ETF market data for Wednesday, September 11th, 2024

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What’s going on in the pond?

Quick market recap:

  • Last week’s 30 launches were the most in 2024, offsetting a quiet spell two weeks ago.

  • The 1 Year ETF Open-to-Close ratio sits at 3.19.

  • The total number of US ETFs has risen to 3,692

ETFs Tax efficient structure is dwarfing traditional mutual funds.

ETFs have taken over the asset management industry. This space traditionally invests a majority of capital into mutual funds, but as the expansion of ETF products continues, the rational of holding mutual funds starts to dwindle. Mutual funds are not the most tax efficient vehicles, especially when compared to ETFs.

ETF Tax Efficiency breakdown summary:

  • Exchange-traded fund (ETF) and mutual fund capital gains resulting from market transactions are taxed based on whether the investment was held short-term or long-term.

  • Capital gains distributions from mutual funds (and ETFs on occasion) are taxed at the long-term capital gains rate.

  • Comprehensively, ETFs don't often have capital gains distributions, which makes them more tax-efficient than mutual funds.

We are starting to see a slow down in flows into ETFs for the first time this year.

Our ETF signals showing bulls getting tired.. here's a look at flows into equity ETFs following a down week in the market. Less dip buying. Also seeing leveraged short take volume share from leveraged long and a surge of cash into bond ETFs.

What I am reading today:

These are things I have found interesting, novel, or educational. Popular sites include TrackInsight, ETF.com, Bloomberg & ETF Trends

Guide to ETFs

Your single source for timely, unbiased insights into the fast-growing world of exchange traded funds.

am.jpmorgan.com/us/en/asset-management/per/insights/etf-insights/guide-to-etfs

SMCY seeks to generate current income by pursuing options-based strategies on Super Micro Computer Inc. (“SMCI”). SMCY is actively managed by ZEGA Financial. SMCY does not invest directly in SMCI.

www.morningstar.com/news/globe-newswire/9229538/yieldmax-launches-option-income-strategy-etf-on-super-micro-computer-smci

September 2024 Newsletter: Why Nothing Stops This Fiscal Train

September 8, 2024 This issue examines what’s causing the structurally high fiscal deficits in the U.S. economy, why the probability of meaningfully reducing them anytime soon is vanishingly low, and what investment implications this may have. For an initial visual, the Congressional Budget Office projects structurally high deficits forever unless meaningfully addressed, despite the fact […]

www.lynalden.com/september-2024-newsletter

Trackinsight

Leverage Shares, a leading ETP issuer that recently surpassed $1 billion in assets under management (AUM), has launched two new exchange-traded products (ETPs) as part of its IncomeShares product line.

www.trackinsight.com/en/etf-news/leverage-shares-expands-incomeshares-product-line-with-0dte-options-etps-on-nasdaq-100-and-sp-500

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.

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