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... 

How To Play Alibaba With ETFs – Don’t

Unless you’ve been living under a rock, you are probably aware that Alibaba’s initial public offering (“IPO”) is slated for Friday.  Alibaba Group Holding Ltd. expects to raise about $23 billion, making it the largest IPO in the history of the world and valuing the company at more than $160... 

ETF Stats for August 2014 – Actively Managed ETFs Surge Past 100

Eighteen new products arrived in August.  All were ETFs, as the 2014 slowdown of ETN launches continues.  Most notable for the month was the fact that fourteen of the product introductions were actively managed ETFs.  These caused the ranks of currently listed actively managed ETFs to swell by 15%... 

PIMCO Closing Four More ETFs

PIMCO announced plans to close down four of its ETFs, with September 26, 2014 slated to be the last day of trading.  The funds are expected to liquidate by October 1, but we recommend that shareholders dispose of any holdings prior to the delisting to avoid any surprises.  These funds are thinly traded... 

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