ETF Death Toll for 2009 = 56

January 6, 2010 by  
Filed under Commentary, ETF Closings, ETF Statistics, ETFs

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 record, surpassing the 50 of 2008.

The 2009 closures hit nine different brands, and five of those brands saw 100% of their product line vanish. NETS, SPA, BearLinx, AirShares, and MacroShares are all gone. Families and brands with partial closures include PowerShares (19 ETFs and one ETN), Claymore, and ELEMENTS.

ETF & ETN Closures of 2009

CountTickerNameLast Day
1AEXNETS AEX Index (Netherlands)02/09/2009
2BRUNETS BEL 20 Index (Belgium)02/09/2009
3FRCNETS CAC 40 Index (France)02/09/2009
4DAXNETS DAX Index (Germany)02/09/2009
5LDNNETS FTSE 100 Index (London)02/09/2009
6SGTNETS FTSE Singapore Straits Times Index02/09/2009
7JNBNETS FTSE/JSE Top 40 Index (South Africa)02/09/2009
8MYGNETS FTSE-CNBC Global 300 Index Fund02/09/2009
9SNONETS Hang Seng China Enterprises Index02/09/2009
10HKGNETS Hang Seng Index (Hong Kong)02/09/2009
11IQENETS ISEQ 20 Index (Ireland)02/09/2009
12LISNETS PSI 20 Index (Portugal)02/09/2009
13AUSNETS S&P/ASX 200 Index (Australia)02/09/2009
14ITLNETS S&P/MIB Index (Italy)02/09/2009
15TAVNETS TA-25 Index (Israel)02/09/2009
16JRENETS Tokyo Stock Exchange REIT Index02/09/2009
17TYINETS TOPIX Index (Japan)02/09/2009
18SFVSPA MarketGrader 40 Fund03/25/2009
19SIHSPA MarketGrader 100 Fund03/25/2009
20SNBSPA MarketGrader 200 Fund03/25/2009
21SSKSPA MarketGrader Small Cap 100 Fund03/25/2009
22SVDSPA MarketGrader Mid Cap 100 Fund03/25/2009
23SZGSPA MarketGrader Large Cap 100 Fund03/25/2009
24GOEElements MLCX Gold Index ETN04/03/2009
25LSOElements MLCX Livestock Index ETN04/03/2009
26PMYElements MLCX Precious Metals Index ETN04/03/2009
27PGZPowerShares Dynamic Aggressive Growth05/18/2009
28PUAPowerShares Dynamic Asia Pacific05/18/2009
29PVMPowerShares Dynamic Deep Value05/18/2009
30PEHPowerShares Dynamic Europe05/18/2009
31PHWPowerShares Dynamic Hardware & Consumer Electronics05/18/2009
32PDQPowerShares FTSE RAFI Asia Pacific ex-Japan Small-Mid05/18/2009
33PRFMPowerShares FTSE RAFI Basic Materials Sector05/18/2009
34PRFGPowerShares FTSE RAFI Consumer Goods Sector05/18/2009
35PRFSPowerShares FTSE RAFI Consumer Services Sector05/18/2009
36PRFEPowerShares FTSE RAFI Energy Sector05/18/2009
37PWDPowerShares FTSE RAFI Europe Small-Mid05/18/2009
38PRFFPowerShares FTSE RAFI Financials Sector05/18/2009
39PRFHPowerShares FTSE RAFI Health Care Sector05/18/2009
40PRFNPowerShares FTSE RAFI Industrials Sector05/18/2009
41PRYPowerShares FTSE RAFI International Real Estate05/18/2009
42PRFQPowerShares FTSE RAFI Telecommunications & Technology Sector05/18/2009
43PRFUPowerShares FTSE RAFI Utilities Sector05/18/2009
44PHJPowerShares High Growth Rate Dividend Achievers05/18/2009
45PFPPowerShares International Listed Private Equity05/18/2009
46BSRBearLinx Alerian MLP ETN06/12/2009
47DOYMacroShares $100 Oil Down06/25/2009
48UOYMacroShares $100 Oil Up06/25/2009
49ASOAirShares EU Carbon Allowances Fund07/31/2009
50DXOPowerShares DB Crude Oil Double Long ETN09/08/2009
51MZGClaymore/Morningstar Manufacturing Super Sector Index ETF12/11/2009
52MZNClaymore/Morningstar Information Super Sector Index ETF12/11/2009
53MZOClaymore/Morningstar Services Super Sector Index ETF12/11/2009
54UEMClaymore U.S.-1 – The Capital Markets Index ETF12/11/2009
55DMMMacroShares Major Metro Housing Down12/28/2009
56UMMMacroShares Major Metro Housing Up12/28/2009

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Disclosure covering writer, editor, publisher, and affiliates: No positions in any of the securities mentioned. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.

Comments

2 Responses to “ETF Death Toll for 2009 = 56”

  1. chris ponsoldt on January 14th, 2010 7:26 am

    why did these 51 ETF’s fail? I just put all my retirement money in them as a low cost alternative index like investing. What is going on. What happened when the fund was liquidated. are the investors funds insured by SIPIC?

  2. Ron Rowland on January 14th, 2010 4:31 pm

    They failed because they did not attract enough investor interest, and therefore not enough assets, and therefore did not generate enough fees to remain viable and profitable for their sponsors.

    When ETFs are liquidated, the money is returned to the investors. However, I typically recommend selling them before the liquidation process begins.