ETF Deathwatch for June 2013: FactorShares In Jeopardy

ETF Deathwatch membership rolls increase by eight for June, with fourteen new additions and six departures. As June gets underway, the ETF Deathwatch membership count stands at 342, consisting of 229 ETFs and 113 ETNs. FactorShares is in jeopardy and attracting new assets will be a difficult task. This is because ETFs carrying the FactorShares name have ridiculously high total expense ratios, ranging from a low of 9.68% to a high of 33.70%.

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AdvisorShares Rockledge SectorSAM ETF (SSAM) Closing This Week | Tue, June 11th, 2013

AdvisorShares recently announced the impending closure of the AdvisorShares Rockledge SectorSAM ETF (SSAM). The ETF’s last day of trading will be this Friday (June 14, 2013) with liquidation and final distribution occurring around June 21. The simple fact is ETFs need assets to be profitable. In the case of SSAM, even an extremely high net expense ratio of 3.11% resulted in the Advisor having to pay about $7,800 a month to keep it open.

ETF Stats for May 2013 – Net Annual Increase of Only 4 ETPs | Fri, June 7th, 2013

Nine new ETFs and two new ETNs came to market in May. The month also saw one ETF closure. The net increase of 10 places the current exchange traded product count at 1,469 as of the end of May, consisting of 1,259 ETFs and 210 ETNs. For the past 12 months, the net increase in the quantity of listed products is only four, which equates to an annual growth rate of just 0.3%.

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