AdvisorShares Rockledge SectorSAM ETF (SSAM) Closing This Week
AdvisorShares recently announced the impending closure of the AdvisorShares Rockledge SectorSAM ETF (SSAM). The ETF’s last day of trading will be this Friday (June 14, 2013) with liquidation and final distribution occurring around June 21. “After consulting with the Rockledge team, we determined...
UBS Calls 7 ETRACS ETNs For Redemption
Wednesday, June 5, 2013 will be the last day of trading for seven exchange traded notes (“ETNs”) issued by UBS under the ETRACS brand. The final redemption value will be determined at the close of business the following day (June 6). To avoid any closure related surprises, we believe it is in...
Guggenheim Yuan Bond ETF (RMB) To Close
Guggenheim Investments announced plans to close and liquidate its Guggenheim Yuan Bond ETF (RMB). The last day of trading will be June 14, 2013 with its final liquidating distribution occurring on June 21. I encourage all shareholders to heed the warnings contained in Five Steps To Avoid Disaster...
iShares Closing Actively Managed Diversified Alternatives ETF (ALT)
BlackRock announced (pdf) it would be closing the iShares Diversified Alternatives Trust (ALT) due to client feedback on the ETF’s limited application in portfolios and lack of long-term demand for the product. The last day of trading will be May 28, with liquidation and final distributions targeted...
BNPC To Delist: No Liquidation Plans Announced
Investors and traders holding shares of the STREAM S&P Dynamic Roll Commodities Fund (BNPC) have until April 12 to dispose of their shares under free-market conditions. BNP Paribas Quantitative Strategies has voluntarily chosen to withdraw the NYSE Arca listing for the fund. No liquidation plans...
Guggenheim Exits Leveraged and Inverse ETF Biz
Guggenheim recently announced the closure of nine ETFs. The last day of trading will be this Friday, March 15. Liquidation values will be determined on March 21 and will reflect expenses encountered in the closing of the ETFs. It is therefore imperative that shareholders follow the Five Steps to...
6.7% of Advisors Affected by ETP Closures
A recent survey by WealthManagement.com revealed that 6.7% of the 500 advisors surveyed had client accounts experience an ETP closure. In her article When ETFs Close, Diana Britton frequently references her interview with Ron Rowland on the subject of ETF closures. Diana writes, “When you consider...
Pax Closing ETF You Never Heard Of
With more than 1,400 ETFs listed for trading in the U.S., there are bound to be a few you never heard of. There is a good chance Pax MSCI North America ESG Index ETF (NASI) fits that description. Launched in May 2010, NASI was the first ETF of the ESG Shares lineup from Pax World. Last month, Pax...
Credit Suisse Finally Liquidates ETNs Delisted in 2009
Credit Suisse decided to delist three ETNs on April 3, 2009. That in itself is not strange, but Credit Suisse also made the decision to not liquidate these ETNs. This move, or lack of a move, apparently allowed Credit Suisse to avoid having to return the money to the note-holders, thereby allowing...
Invesco Closing 13 PowerShares ETFs
Tuesday, February 26, 2013 will be the last day of trading for 13 ETFs bearing the PowerShares brand. The closures are part of an ongoing process at Invesco PowerShares to review and evaluate products and investor interest. Invesco tends to be a leader in putting investors’ interest first, announcing...
