ETF Deathwatch – October 2009
The “official” number of exchange-traded products on Deathwatch dropped for the second month in a row. This month’s list contains 111 names, seven fewer than last month. E-TRACS CMCI Short Platinum Excess Return (PTD) heads the list again this month. PTD saw action on only three days in September,...
ETF Deathwatch Commodity Bonus Issue
The “official” number of exchange-traded products on Deathwatch dropped dramatically for September. This month’s list contains just 118 names, a drop of nearly 17% from last month. However, the “unofficial” number now stands at 179, a new record. The difference between the official and...
DXO Becomes First Victim of CFTC Activity
PowerShares DB Crude Oil Double Long ETN (DXO) became the first apparent victim of the recent CFTC activity surrounding exchange traded products. Deutsche Bank (DB) announced today (9/1/09 press release) that it will redeem all outstanding shares of DXO after the market close on September 9. Unlike...
ETF Deathwatch – August 2009
The number of exchange-traded products on Deathwatch increased for the first time in five months. This month’s list of 142 names is up from 134 last month while still remaining below the record high of 171 in March. The current list consists of 105 ETFs and 37 ETNs that are at least six months...
Extreme Makeover – ETF Edition
Last Friday (7/24/09), one ETF died and a new ETF was born. However, you won’t see these events in most ETF statistics because it was the same fund. Claymore/Great Companies Large-Cap Growth Index ETF was launched on 4/3/07 under the ticker symbol XGC. The ETF did not perform very well. From...
ASO to Become 117th ETF Delisting
Last Thursday (7/23/2009), XShares Advisors announced intentions to close and liquidate the AirShares EU Carbon Allowance Fund (ASO) effective July 31, 2009. The fund has already begun the liquidation process, so the price of ASO will not likely track its indicative value this week. Shareholders...
ETF Deathwatch – July 2009
The number of exchange-traded products on Deathwatch fell for the fourth month in a row and now stands at the lowest level since November 2008. This month’s list of 134 names is down from 150 last month and off from the record high of 171 in March. The current list consists of 101 ETFs and 33 ETNs...
Bye-Bye MacroShares (DOY, UOY)
They are not ETFs. They are not ETNs. They are MacroShares, and after today, they are gone. Bye-bye MacroShares. Back on May 15, MacroMarkets announced that today, June 25, would be the last day of trading for MacroShares $100 Oil Up (UOY) and MacroShares $100 Oil Down (DOY). The final value...
Shareholders Left Hanging with BSR Delisting
JP Morgan Chase (JPM) is not making any friends in the ETF/ETN marketplace. Their moves have not been adequately announced or explained, leaving shareholders perplexed and angry. The latest example is the delisting of the BearLinx Alerian MLP ETN (former ticker BSR) after the end of trading on June...
ETF Deathwatch – June 2009
The number of exchange-traded products on Deathwatch decreased for the third month in a row. This month’s list contains 150 names, down from 155 last month and down from the record high of 171 in March. The current list consists of 111 ETFs and 39 ETNs that are at least six months old and failed...
