15:57 pm CST
Eleven new exchange traded products (“ETPs”) came to market in November, below this year’s monthly average of 13 and far below last month’s frantic surge of 30. Five closures took place during the month, resulting in a net increase of only six. November came to a close with 1,531 ETPs listed for trading, consisting of 1,324 ETFs and 207 ETNs.More
Closure of FactorShares Removes an ETF Industry Blight | Tue, November 19th, 2013
Factor Capital Management, the managing owner of the FactorShares family of ETFs, recently announced the closure and liquidation of its five ETFs. Thursday, November 21, will be the last day of trading. These funds already have the highest expense ratios of all listed ETFs, and in addition to those fees, anyone holding shares after Thursday will incur the costs of closing the funds.
ETF Deathwatch for November 2013: 1 in 5 Don’t Survive | Mon, November 11th, 2013
Change activity hit a new record this month with 47 ETPs changing their Deathwatch status. Thirteen new names joined the list, nineteen exited due to their improved chances of surviving, but fifteen others left because they bit the dust and are no longer with us. The net decrease of twenty-one places the current count at 318, consisting of 211 ETFs and 107 ETNs.