ETF Deathwatch for March 2010
The number of exchange-traded products (ETPs) on ETF Deathwatch crept back into triple-digits this month. For March, the quantity is 104 (71 ETFs and 33 ETNs), up from the 99 for February. Only four funds were launched last August. Since they surpassed six-months of age during February, they are...
ETF Deathwatch for February 2010
The number of exchange traded products on ETF Deathwatch dropped below 100 for the first time since November 2008. Whether this drop is permanent or temporary remains to be seen. I believe it to be a temporary event caused by a slowdown in new product introductions a year ago. Some 70 new funds...
WisdomTree to Close 10 ETFs in March
WisdomTree (WSDT) announced last Friday (1/29/2010) its intention to close 10 ETFs. The last day of trading will be March 24, 2010 with final redemptions occurring on March 29. I suggest current shareholders avoid the liquidation process by selling on the open market prior to delisting. Be sure...
ETF Deathwatch – January 2010
There are 118 ETFs and ETNs on Deathwatch as the new year begins. Last decade we witnessed phenomenal growth in exchange-traded products (ETPs). There were just 32 at the start of the 2000s and 925 at the end, for an annualized growth rate of 40%. The number would have been even higher if not for...
ETF Death Toll for 2009 = 56
U.S. exchange-traded product delistings and closures totaled 56 in 2009, consisting of 51 ETFs and five ETNs. The lifetime toll now stands at 124 (111 ETFs and 13 ETNs). The 56 closures are slightly below the 58 in 2008. However, if ETNs are excluded, then the ETF closure count of 51 in 2009 sets...
Totally Obscene UMM DMM Expense Ratio
In the ETF world, which MacroShares strives to be a part of, low expense ratios are expected. Those in excess of 1% typically receive harsh criticism. Most sponsors recognize this fact and work tirelessly to reduce fees and cap expenses for their shareholders. MacroShares took a different route,...
UMM & DMM Trigger Early Termination
They are not ETFs. They are not ETNs. They are MacroShares, and after next week, they are gone. Bye-bye MacroShares. If that sounds like something you’ve read before, then you are correct, maybe more than once. The launch of MacroShares Major Metro Housing Up (UMM) and MacroShares Major Metro...
ETF Deathwatch – December 2009
The number of funds on ETF Deathwatch jumped 13% to 128 this month from 113 in November. The count consists of 88 ETFs and 40 ETNs that failed to generate at least $100,000 in average daily value traded (ADVT) for the past month. E-TRACS CMCI Short Platinum Excess Return (PTD) headed the list for the...
Claymore Closing Four of Its 17 ETFs on Deathwatch
December 11, 2009 will be the last day of trading for Claymore/Morningstar Manufacturing Super Sector Index ETF (MZG), Claymore/Morningstar Information Super Sector Index ETF (MZN), Claymore/Morningstar Services Super Sector Index ETF (MZO), and Claymore U.S.-1 – The Capital Markets Index ETF (UEM). My...
ETF Deathwatch – November 2009
The number of funds on ETF Deathwatch edged up to 113 this month from 111 in October. The count consists of 78 ETFs and 35 ETNs that failed to generate at least $100,000 in average daily value traded (ADVT) for the past month. E-TRACS CMCI Short Platinum Excess Return (PTD) heads the list again this...
