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... 

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... 

ALPS Goldman Sachs ETFs to Close

ALPS announced plans to close and liquidate its four ETFs in the ALPS | Goldman Sachs Index Series.  Shareholders need to be aware that ALPS has already commenced liquidating portfolio positions, and therefore the funds are no longer tracking their respective indexes.  Wednesday, August 27, 2014 will... 

MUAC iShares 2014 Muni ETF Matures Today

Today, August 15, is the last trading day for iShares 2014 S&P AMT-Free Muni Bond ETF (MUAC).  Unlike most of the 404 ETF and ETN closures that preceded it, MUAC’s closure was both expected and well planned.  Since its launch in January 2010, its stated objective has been to track an index composed... 

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. ... 

Another International Sector Suite Bites The Dust

Sector ETFs are popular.  International sector ETFs, not so much.  In fact, successfully maintaining a foreign sector ETF suite has proven to be nearly impossible.  The latest casualty is the 10-ETF All Country excluding US Sector Suite launched by iShares in 2010. As previously announced, March 25,... 

This Wasn’t Suppose To Happen: ETF Converts to Mutual Fund

Pax World launched the Pax MSCI EAFE ESG Index ETF (EAPS) in January 2011, and March 21, 2014 was its last of trading.  When ETFs close, the asset base is typically very small and very few shareholders are affected.  In the case of EAPS, assets were north of $64 million.  Additionally, Pax World decided... 

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