ETF Deathwatch for November 2014: 20% of the Industry

Eighteen zombie ETPs joined ETF Deathwatch this month while six exited due to improved health and nine more were removed because they ceased operations.  The net increase of three pushes the overall count to 331, consisting of 226 ETFs and 105 ETNs. There were 1,652 products listed for trading at the... 

Eaton Vance ETMFs – A Giant Step Backward

Last month, the SEC correctly shot down the nontransparent ETF application from BlackRock (BLK) and Precidian as not being in the interest of the public.  This week, many ETF pundits are trumpeting the SEC’s recent approval of Eaton Vance’s new ETMF (Exchange Traded Managed Fund) structure.  However,... 

ETF Stats for October 2014 – Trading Activity Surges 71%

ETF trading activity, as measured by dollar volume, exploded in October to more than $2.3 trillion.  This is a 71% increase over September and the highest level in more than three years.  Assets under management increased 3.4% from the prior month to end at $1.91 trillion, establishing a new month-end... 

SEC Gets One Right Putting Kibosh On Nontransparent ETFs

Nontransparent ETFs would be detrimental to ETF investors.  Nontransparent ETFs fly in the face of the primary tenets of what constitutes an ETF.  Nontransparent ETFs are not in the public interest. Earlier this week, the SEC struck down a request that would have allowed ETFs to keep their holdings... 

ETF Deathwatch for October 2014: Two 6-Year Old Products Join

Thirteen names were added while fifteen came off the ETF Deathwatch this month.  The net reduction of two is not as good as it seems since nine that departed were the result of actual fund closures.  Just six escaped the honorable way by improving their health.  This month’s list contains 328 products,... 

ETF Stats for September 2014 – Count at 1,650

Eighteen ETFs and two ETNs came to market in September while thirteen ETFs closed their doors.  Both the closure and launch counts should have been one number higher, but BlackRock (BLK) chose to perform an extreme makeover on a seven-year old iShares ETF rather than closing it and launching a new one. ... 

iShares Raises the Bar on ETF Survivability

Blackrock’s (BLK) huge iShares closure takes place this week.  The firm is shutting down 18 ETFs, including many that would be considered successful by most standards.  The last day of trading will be Tuesday, October 14, with final shareholder distributions expected to be completed by October 21. ... 

EGShares Closed Four More ETFs

Emerging Global Advisors closed four of its EGShares ETFs last week, with Monday, September 29, 2014 being their last day of listed trading.  The firm closed a dozen ETFs last October, but the complete liquidation process took more than five months for some of the funds.  Shareholders received the... 

Direxion Closing 5 ETFs and Charging Shareholders

Earlier this month, Direxion announced plans to close and liquidate five of its inverse 3x ETFs.  This Tuesday (9/23/14) will be the last day of listed trading, and liquidation will take place September 29.  We advise shareholders to dispose of their holdings prior to the delisting because remaining... 

ETF Deathwatch for September 2014: 20% Are On The List

Eighteen names were added to ETF Deathwatch for September, nine came off due to improved health, and four were removed because of closure.  The net increase of five names pushes the count to 330 products, consisting of 227 ETFs and 103 ETNs.  With 1,643 active listings at the end of August, that equates... 

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