VettaFi Director of Research Cinthia Murphy appeared on Bloomberg’s ETF IQ to participate in this week’s addition of “IQ Test,” answering questions about market trends and new ETFs. The market for new ETF launches is highly competitive, with 86% of funds launched this year currently trading below break-even. VettaFi’s Murphy set the bar high, correctly answering all three questions on Bloomberg ETF IQ’s latest “IQ Test.” When asked the question, Fu and Balchunas took a more conservative estimate, speculating that 78% of ETF launches this year are still below break-even. Recently launched products such as Defiance KSM TipRanks Analyst ETF (RANK) and Porter & Company Porter Portfolio Index ETF (PCPP) embody this environment.