ETF Stats for May 2010 – Listings Decline for First Time in a Year
Nine new ETFs launched in May and no new ETNs. A dozen ETFs closed, producing a net decline of three exchange traded products (ETPs) for the month. This is the first drop in the number of listings since May of 2009 when the count fell by 14, the largest monthly decline ever. A total of 93 new ETPs...
ETF Liquidity Dealt a Setback
Market liquidity was tested on Thursday. It failed. The blame game now in full motion, with many analysts pointing to an NYSE circuit-breaker mechanism that seems to have backfired. The carnage was bad for stocks, but even worse for ETFs and ETNs. Much is being made about the Accenture (ACN) trade...
Today You Can Buy 1,000 ETFs
A major milestone for the ETF industry was achieved today (May 7, 2010). For the first time ever, U.S. investors can choose from more than 1,000 different exchange-traded products. The number of currently listed products stands at 1,001, consisting of 908 ETFs and 93 ETNs. Today’s introduction...
ETF Stats for April 2010
There were 28 new exchange traded product (ETPs) launched in April, consisting of 26 ETFs and two ETNs. Just one ETF was delisted, for a net increase of 27. This is the largest number of new monthly launches since last November. The number of US-listed ETPs now stands at 998 (905 ETFs and 93 ETNs)....
ETF Stats for March 2010 – ADVT Plunges 19.9%
In March there were 17 new ETFs and no ETNs launched. Ten ETFs were delisted. The number of US listed ETPs now stands at 971 (880 ETFs and 91 ETNs). A total of 56 new ETPs have come out so far this year. Subtracting out the 10 closures during the first quarter yields a net increase of 46. The...
Complete List of 27 Actively Managed ETFs
ETFs first arrived on the US market in 1993. Actively managed ETFs did not arrive until 15 years later in 2008. Actively managed ETFs will celebrate their second birthday later this week on March 25, 2010. As of today, there have been a total of 27 actively managed ETFs launched in the US. The first...
ETF Stats for February 2010
(updated version) 17 new exchange traded products (ETPs) launched in February: 16 ETFs and one ETN. No products were delisted. The number of US-listed products now stands at 964 (873 ETFs and 91 ETNs). February ended the three-month streak where new product launches exceeded 20. It was also the...
ETF Stats for January 2010: Listings at 947
There were 21 new ETFs and one new ETN launched in January. No products were delisted. The net increase of 22 brings the current count of listed products to 947. The official count at the end of 2009 stood at 925, consisting of 836 ETFs and 89 ETNs. The year-end quantity was originally reported...
ETF Liquidity Tiers in Dec 2009
Quantifying liquidity can be difficult, especially for ETFs. For stocks, it is typically a function of the ADVT (average daily value traded, sometimes called dollar-volume) and the number of shares outstanding. The same approach cannot be applied to ETFs because the number of shares outstanding is...
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 a new...
