No More Wildcatters: WCAT Closing

Jefferies | TR/J CRB Wildcatter Exploration & Production Equity ETF (WCAT) will see its last day of trading on Friday, April 27, 2012.  ALPS ETF Trust announced (pdf) the closure and liquidation after the Board determined it was advisable and in the best interest of the fund and its shareholders.... 

AMLP Makes Tax Payment and Raises Expense Ratio

Alerian MLP ETF (AMLP), the first ETF structured as a C-corporation, issued a prospectus supplement dated April 19, 2012 (pdf).  Total Annual Fund Operating Expenses increased from 0.85% to 1.40%, resulting from “Other Expenses” climbing by 0.55% due to past tax liabilities.  AMLP’s press release of... 

MLPA: Another C-Corp Double Taxation ETF

And then there were three.  The listing of Global X MLP ETF (MLPA) today (4/19/12) makes it the third ETF structured as a C-corporation, thereby subjecting its shareholders to the heavy burden of double-taxation on taxable income received from the fund and all capital gains.   Like its two predecessors,... 

ETF Deathwatch for April 2012: 308 and Climbing

The quantity of products on ETF Deathwatch now tops 300 for the first time.  A total of 308 (220 ETFs and 88 ETNs) made the list this month.  The net increase of 17 resulted from 37 additions and 20 removals.  Six of the removals were fund closures, while the other 14 had increases in assets or trading... 

ETF Stats for March 2012: Launch Activity Dives

Monthly launch activity plunged more than 70% from February’s blistering pace.  The March new product count of only 14 (13 ETFs and 1 ETN) was the lowest since last August.  New ETPs year-to-date total 85, but with 16 closures the net increase is just 69.  The eight March closures were all from...