Exchange-traded product launches numbered 178 in 2012. Despite the rapid start to the year, the final tally was only the fifth largest on record. The quantity represented a decrease of 42% from the record of 308 introductions set a year ago. New products in 2012 consisted of 155 ETFs and 23 ETNs. ...Six More ETP Closures For 2012
Six more exchange traded product (“ETP”) delistings are scheduled to occur before the end of the year. The closures include two ETFs from Guggenheim and four VelocityShares ETNs issued by Credit Suisse. There is always the possibility of some additional last-minute closures, but as it stands now,...EMER Becomes 96th ETP Closure of 2012
As reported in November ETF Stats, December 18 was the last day of trading for the IQ Emerging Markets Mid Cap ETF (EMER). Anyone still owning EMER will have their shares automatically redeemed on December 28, 2012. According to the press release, IndexIQ will absorb all costs of closing the fund. ...PHDG: Stocks, VIX, Active Management, and Indexing In One ETF
The PowerShares S&P 500 Downside Hedged Portfolio (PHDG) was launched December 6, becoming the first ETF to be both actively managed and indexed. The fund uses an absolute return strategy that seeks to achieve positive returns in rising or falling markets not directly correlated to equity or bond...ETF Deathwatch for December 2012: Eight New Names
Eight new names are joining ETF Deathwatch for December, and nine products are coming off the list. Six are leaving due to increased investor interest, and three ETFs are exiting because they are now dead, delisted, and liquidated. ETF Deathwatch now consists of 374 (274 ETFs and 100 ETNs) names...The Irony Of Revenue Seeking Tax Rate Hikes
I normally avoid making predictions, but today I will make an exception. I predict higher tax rates next year will produce a decline instead of an increase in U.S. income tax revenue for 2013 versus 2012. When the data comes in it may prove me wrong, but here’s my rationale: The mere thought...ETF Stats for November 2012 – Listing Count Increases
The number of exchange traded product (“ETP”) listings increased in November, ending the record-breaking three-month streak of declines. Nine new introductions and three closures put the month-end count at 1,445 (1,235 ETFs and 210 ETNs). This is below the quantity of 1,457 at the end of April,...Three New Pure Play ETFs From FactorShares PureFunds
FactorShares, the sponsor that introduced spread trading in an ETF wrapper back in early 2011, launched a new line of ETFs under a new PureFunds brand. According to the firm’s literature, PureFunds was designed to provide the market with easy access to niche sectors through Pure-Play ETFs. PureFunds...