A Tale of One Index and Three ETFs

By now you have heard about the market dislocation that occurred on Monday.  After closing 530 points lower on Friday, futures on the Dow Jones Industrial Average were suggesting the Dow would open hundreds of points lower on Monday.  Indeed, that is what happened, and then it proceeded to plunge... 

ETF Deathwatch for August 2015: 330 and Climbing

Eleven ETFs and ETNs came off of ETF Deathwatch this month because they are no longer with us.  Five more escaped because they were able to show a sustained improvement in their health, although the two iShares ETFs in this category are scheduled to close in August.  Even with these sixteen departures,... 

ETF Stats for July 2015 – Currency Hedging Jumps The Shark

Thirty-seven new ETFs and ETNs were launched in July and fifteen closed.  The changes leave the listed count at 1,764, consisting of 1,570 ETFs and 194 ETNs.  With sixteen new currency-hedged ETFs coming to market, including three half-hedged funds, it would be easy to conclude that a bubble in currency-hedged... 

ETF Deathwatch for July 2015: Old Age Is Not A Free Pass

The ETF Deathwatch membership roll increases by three this month, as nine new names join the list and six leave.  The total quantity now stands at 326, consisting of 226 ETFs and 100 ETNs.  This equates to 18.7% of all exchange traded products (“ETPs”) being on ETF Deathwatch (20.1% of which are... 

ETF Stats for June 2015 – Mid-Year Snapshot

Thirty new ETFs came to market in June, and only two left.  This was the largest quantity of launches since October 2013, and the net increase of 28 was the largest since February 2012.  The data suggests the industry continues to recover from its 2012-2013 slump.  The 133 introductions by the year’s... 

ETF Deathwatch for June 2015: List Grows to 323

The ETF Deathwatch membership roll grew eight names larger for June.  Seventeen products were added and nine came off.  Escapees included seven products with improved health and two that closed up shop.  The count now stands at 323, consisting of 225 ETFs and 98 ETNs.  Actively managed ETFs continue... 

ETF Stats for May 2015 – Spot Failures and Extreme Makeovers

Sixteen new products were introduced in May and five were closed. Both the launch and closure counts should have been higher by ten, but Invesco PowerShares decided to perform an extreme-makeover on ten of its ETFs.  Additionally, new entrant AccuShares fails to learn from history and launches ETFs... 

ETF Deathwatch for May 2015: Back Above 300

The ETF Deathwatch membership rolls jumped higher for May.  Twenty names were added to the list, while only four came off.  The net increase of 16 pushed the total count from 299 to 315, consisting of 221 ETFs and 94 ETNs.  The industry hit a major milestone earlier this month when the number of ETF... 

500 ETF Closures

As of today (May 19, 2015), 500 ETFs and ETNs have closed, delisted, and are no longer with us.  500 deaths is a major milestone for the ETF industry.  Although it may not be a welcome and celebrated milestone, it is healthy and necessary for the industry to move forward. To put this number in perspective,... 

ETF Stats for April 2015 – Product Count Tops 1700

The number of listed exchange traded funds (“ETFs”) and exchange traded notes (“ETNs”) surpassed the 1,700 for the first time.  Seventeen new ETFs were introduced during April, while only one was closed.  At the end of the month, the product count stood at 1,703, consisting of 1,496 ETFs and... 

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