ETF Deathwatch for June 2013: FactorShares In Jeopardy
ETF Deathwatch membership rolls increase by eight for June, with fourteen new additions and six departures. New members consist of six ETFs and eight ETNs, while all six products leaving are ETFs. As June gets underway, the ETF Deathwatch membership count stands at 342, consisting of 229 ETFs and...
AdvisorShares Rockledge SectorSAM ETF (SSAM) Closing This Week
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. “After consulting with the Rockledge team, we determined...
ETF Stats for May 2013 – Net Annual Increase of Only 4 ETPs
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...
UBS Calls 7 ETRACS ETNs For Redemption
Wednesday, June 5, 2013 will be the last day of trading for seven exchange traded notes (“ETNs”) issued by UBS under the ETRACS brand. The final redemption value will be determined at the close of business the following day (June 6). To avoid any closure related surprises, we believe it is in...
Guggenheim Yuan Bond ETF (RMB) To Close
Guggenheim Investments announced plans to close and liquidate its Guggenheim Yuan Bond ETF (RMB). The last day of trading will be June 14, 2013 with its final liquidating distribution occurring on June 21. I encourage all shareholders to heed the warnings contained in Five Steps To Avoid Disaster...
Redefining Yield With Cambria Shareholder Yield ETF
The Cambria Shareholder Yield ETF (SYLD), launched May 14, is an actively managed ETF employing a quantitative algorithm to select companies with strong emphasis on returning free cash flow to their shareholders. In addition to cash dividends, net share repurchases and reducing debt are the two other...
ETF Deathwatch for May 2013: First Increase In 8 Months
The number of ETF Deathwatch constituents rises by ten for May, breaking a streak of declining counts stretching back to October of last year. Eighteen new names join the list, including fourteen ETFs and four ETNs. Seven ETFs had improved health and escaped. One ETF underwent “voluntary” delisting...
Alerian MLP ETF (AMLP) Cuts Expense Ratio to 4.85%
Alerian MLP ETF (AMLP), the first ETF structured as a C-corporation, issued a prospectus update March 31, 2013 (pdf). Total Annual Fund Operating Expenses decreased from 4.86% to 4.85% resulting in a non-perceptible change that did not warrant a company press release. Further, the document now identifies...
ETF Stats for April 2013 – Launch Activity Resumes
Launches reached their highest level in fourteen months during April, with twenty-one products achieving new listing status. Only one closure occurred, allowing the year-to-date net change in listings to become positive at +14. The exchange traded product count stood at 1,459 as April ended, consisting...
iShares Closing Actively Managed Diversified Alternatives ETF (ALT)
BlackRock announced (pdf) it would be closing the iShares Diversified Alternatives Trust (ALT) due to client feedback on the ETF’s limited application in portfolios and lack of long-term demand for the product. The last day of trading will be May 28, with liquidation and final distributions targeted...
