ETF Deathwatch for July 2014: List Count Back Above 300

ETF Deathwatch membership rolls crept back above 300 this month.  Thirteen additions and six removals combined to grow the list from 295 to 302.  No closures occurred in June, and therefore all products coming off the list were due to health improvements. WisdomTree has the dubious honor of sponsoring... 

Assessing Last Week’s Damage

Stocks declined last week, but you might be pleasantly surprised to learn the losses were not as large as some financial media outlets want you to believe.  Whether it was fear-mongering or just plain-old headline marketing, casually tuning in the financial news last week might have led you to believe... 

ETF Stats for June 2014 – Product Count Tops 1,600

Twenty-two new listings in June pushed the ETP count above the 1,600 threshold to close the month at 1,613 (1,408 ETFs and 205 ETNs).  A total of 101 new products came to market in the first half of the year, while just 24 closed up shop.  Although this is an improvement over the past two years, if... 

ETF Deathwatch for June 2014: Downtrend Continues

ETF Deathwatch membership rolls peaked at 403 in August 2012 and have been steadily declining ever since.  This month they total just 295, consisting of 201 ETFs and 94 ETNs.  The 108-product reduction is impressive, but it didn’t come easy.  In fact, 158 ETFs and ETNs have closed their doors in... 

ETF Stats for May 2014 – Trading Activity Plunges

The ETF listing count continues to creep toward 1,600 as assets swell to more than $1.8 trillion.  Trading activity mysteriously plunged 21% in May, long before the summer slowdown typically begins. Fifteen new ETFs rolled out in May, and two ETNs closed and liquidated.  The net increase of thirteen... 

ETF Deathwatch for May 2014: Membership Count Trickles Further Below 300

The number of products on ETF Deathwatch continues the recent downtrend with the membership rolls for May dropping by two.  Ten products were added to the list, but twelve were removed.  The highlight of the dozen coming off the list is that only one was due to closure and delisting.  The new count... 

ETF Stats for April 2014 – ETFs Grow, ETNs Stagnate

The number of ETFs and ETNs listed for trading in US markets continues to march toward the 1,600 level.  In April, ten ETFs and one ETN were introduced, while one ETN closed and liquidated.  The net increase of ten for the month puts the count at 1,578 exchange traded products (“ETPs”), consisting... 

Eleven ProShares ETFs Become Broken Products

Note: ProShares resumed issuance of creation units for these 11 ETFs on 5/6/14 (press release). Last Friday (May 2, 2014), ProShares announced the suspension of creation units for eleven ETFs.  The ability to create and redeem shares is the primary characteristic of what makes an ETF an ETF.  Without... 

Lights Going Out For OFF and ONN

The creators of UBS AG ETRACS Fisher-Gartman Risk On ETN (ONN) and UBS AG ETRACS Fisher-Gartman Risk Off ETN (OFF) thought these ETNs would live for 30 years and set the due date accordingly.  However, the November 27, 2041 maturity will never be reached.  Their values will be frozen on May 6, their... 

BXDB: Barclays Short Leveraged ETN+ Triggers Early Termination

Its official name was Barclays ETN+ Short B Leveraged Exchange Traded Notes Linked to the Performance of the S&P 500 Total Return Index (BXDB).  What the name didn’t tell you was the magnitude of the leverage, that the leverage was never reset, and early termination was practically inevitable. ... 

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