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ETF Deathwatch begins 2015 with 322 products on the list, consisting of 222 ETFs and 100 ETNs. Fourteen names joined the lineup this month and nineteen exited. Just nine came off due to improved health, while the other ten met their death and no longer exist. The recipe for success obviously requires more than just having the right ingredients.More
ETF Stats for December 2014 – $1.999 Trillion | Fri, January 9th, 2015
The ETF industry crossed above the $2 trillion threshold in December but was unable to hold it as the month and year ended. By our calculations, at the close of business on December 31, 2014, U.S.-listed ETFs had $1.972 trillion in assets and ETNs stood at $26.9 billion, for a combined total of $1.999 trillion. [...]
iPath Natural Gas ETN Is A Broken Product | Fri, January 2nd, 2015
Without the ability to create and redeem units of GAZ, it is impossible for market makers to keep the trading price near the net asset value (“NAV”). The NAV of GAZ went from $1.9182 to $1.5874 per unit last week, a plunge of 17.2%. The price went the other way, increasing from $2.02 to $2.14. GAZ started the week trading at a 5.3% premium and closed with a 34.8% premium.