ETF Deathwatch for April 2014: Membership Count Drops Below 300

ETF Deathwatch membership rolls dropped by 15 for April, and for the first time in 25 months the list contains fewer than 300 products.  Five names joined the list, eight came off due to improved health, and a dozen exited because they are no longer with us.  The ETF Deathwatch for April contains 299... 

ETF Stats for March 2014 – First ETF Conversion to Mutual Fund

March was the only month of the past twelve that failed to produce a net increase in the number of ETP listings.  A dozen new ETFs and one ETN came to market, but those figures were offset by thirteen ETF closures.  The net change of zero leaves the overall count at 1,568 (consisting of 1,365 ETFs... 

Another International Sector Suite Bites The Dust

Sector ETFs are popular.  International sector ETFs, not so much.  In fact, successfully maintaining a foreign sector ETF suite has proven to be nearly impossible.  The latest casualty is the 10-ETF All Country excluding US Sector Suite launched by iShares in 2010. As previously announced, March 25,... 

This Wasn’t Suppose To Happen: ETF Converts to Mutual Fund

Pax World launched the Pax MSCI EAFE ESG Index ETF (EAPS) in January 2011, and March 21, 2014 was its last of trading.  When ETFs close, the asset base is typically very small and very few shareholders are affected.  In the case of EAPS, assets were north of $64 million.  Additionally, Pax World decided... 

A Brief History Of A Doomed ETF

Claymore securities launched Claymore U.S. Capital Markets Bond ETF (UBD) back on February 12, 2008.  It had an interesting, if not successful, life as an exchange traded fund (“ETF”).  Due to its average daily volume of just 81 shares, it became a charter member of ETF Deathwatch in the inaugural... 

ETF Deathwatch for March 2014: Have Income Funds Reached Saturation?

Twelve products join and thirteen leave ETF Deathwatch this month.  The net reduction of one places the membership count at 314, consisting of 211 ETFs and 103 ETNs.  Interest rates have been near historic lows for a few years now.  This prompted a significant surge in the introduction of income related... 

ETF Stats for February 2014 – Actively Managed ETFs Gaining Share

Fifteen launches in February make it forty new ETFs so far in 2014.  If the remainder of the year can maintain the pace of the first two months, it could see the highest launch activity of the past three years.  However, launch activity is never consistent or predictable, so we will have to wait to... 

PIMCO Closing First ETF Today

Today (3/10/14) is the last day of trading for the PIMCO Broad U.S. Treasury Index ETF (TRSY).  PIMCO launched the ETF on November 1, 2010, but it never caught on with investors despite PIMCO’s success with Treasury mutual funds and some of its actively traded ETFs.  I was skeptical of the offering... 

ETF Closings Not Always What They Seem

ETF industry watchers often like to point to fund closings as a sign of weakness.  As the publisher of ETF Deathwatch, I have been accused of having a negative bias toward closures and the industry as a whole.  However, anyone looking beyond the headlines can readily attest that I view ETF closures... 

ETF Deathwatch for February 2014: Sixteen Additions

Sixteen new names join the ETF Deathwatch for February.  The new arrivals represent a wide cross-section of the exchange traded product landscape.  Twelve are ETFs, four are ETNs, three are actively managed, four invest in bonds, three are commodity related, four invest in international equities, three... 

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