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Choppy Seas For ETF-Of-ETF Industry: (TETF)

TedTed
in The Bullpen
FYI: The ETF market has welcomed more than 230 new ETFs this year, boasting now almost 2,200 ETFs listed in the U.S. It has also seen total assets under management (AUM) grow to about $3.6 trillion, with year-to-date net creations on par with previous record years.

By all measures, the ETF industry is growing and hitting on all cylinders.

The ETF-of-ETF market, the ETF Industry Exposure & Financial Services ETF (TETF), however, is down 4% in 2018. TETF is currently underperforming the S&P 500 index significantly (as measured by returns of the SPDR S&P 500 ETF Trust (SPY) below).
Regards,
Ted
https://www.etf.com/sections/features-and-news/choppy-seas-etf-etf-industry?nopaging=1

M* Snapshot TETF:
https://www.morningstar.com/etfs/arcx/tetf/quote.html
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