ETF Deathwatch for April 2010

April 10, 2010 by  
Filed under Commentary, ETF Deathwatch 2010

The number of exchange-traded products (ETPs) on ETF Deathwatch grew again this month.  For April, the quantity is 108 (76 ETFs and 32 ETNs), up from 104 for March.

Thirteen new funds launched last September, and now that they are at least six months old they have lost their Deathwatch immunity.  Nine of these have generated enough investor attention to avoid the list, but four did not.  Joining ETF Deathwatch for the first time this month are PIMCO 7-15 Year U.S. Treasury (TENZ), EGS Dow Jones Emerging Markets Financials Titans (EFN), SPDR Nuveen S&P VRDO Municipal Bond (VRD), and iShares Russell Top 200 Index Fund (IWL).

Topping this month’s list are E-TRACS CMCI Livestock Total Return ETN (UBC) and E-TRACS CMCI Short Platinum Excess Return ETN (PTD), which both averaged less than 100 shares traded per day in March.  UBC traded on just six of 23 market while PTD could muster only three.  Six other E-TRACS are on the list this month.  They have now been on the market for two years and have failed to attract any investor interest.  One has to wonder how much longer UBS will subsidize these products.

Two WisdomTree funds are on the list month, even after they shuttered ten funds in March.  WisdomTree Dreyfus Japan Yen (JYF), one of their actively-managed funds, is #29 on the list and WisdomTree LargeCap Growth (ROI), the first GARP ETF, is #68 on the list.

Listed below are the 108 products on ETF Deathwatch for April that failed to generate at least $100,000 in average daily value traded (ADVT) during the past month.

ETF Deathwatch - April 2010

RankTickerNameAge (mths) Avg Daily Volume Avg Daily Value Traded
1UBCE-TRACS CMCI Livestock Total Return ETN2461$1,164
2PTDE-TRACS CMCI Short Platinum Exc Ret ETN2357$1,744
3BVLElements Ben Graham Large Cap Value ETN20291$2,970
4GWOElements CS Global Warming ETN24430$2,984
5GVTGrail American Beacon Large Cap Value11113$3,638
6UBNE-TRACS CMCI Energy Total Return ETN24257$3,810
7GBBiPath GBP/USD Exchange Rate ETN35143$5,804
8EEHElements Spec LgCap US Sector Mo ETN32909$7,823
9PMAPowerShares Active Mega-Cap Portfolio24370$8,586
10JEMBarclays GEMS Currency Index ETN26213$9,732
11PQSCPowerShares FTSE Nasdaq Small Cap24470$11,322
12TWQProShares UltraShort Russell30009530$12,025
13GRNiPath Global Carbon ETN22522$12,539
14FUEElements MLCX Biofuels ETN261,696$12,652
15STHClaymore/Sabrient Stealth 43882$14,227
16BHHHOLDRS B2B Internet ETF12331,641$14,399
17BVTElements Ben Graham Total Mkt Value ETN201,322$14,531
18CROClaymore/Zacks Country Rotation 33913$14,989
19ADZPowerShares DB Agriculture Short ETN24435$15,266
20BDGPowerShares DB Base Metals Lng ETN22704$16,106
21JYNiPath JPY/USD Exchange Rate ETN35283$18,307
22PTRPPowerShares Glb Progressive Transport.19678$18,575
23USVE-TRACS CMCI Silver Total Return ETN24770$18,815
24EXBClaymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs341,439$19,101
25PNXQPowerShares Nasdaq Next Q24730$19,117
26DODElements Dogs of the Dow Total Return ETN292,691$19,526
27TENZPIMCO 7-15 Year U.S. Treasury Index Fund 7270$20,135
28JVSJavelin DJ Islamic Market International 9439$20,994
29JYFWisdomTree Dreyfus Japan Yen23748$21,470
30AGFPowerShares DB Agriculture Long ETN241,483$22,469
31EKHHOLDRS Europe 2001 112357$22,495
32IFEUiShares FTSE EPRA/NAREIT Europe29822$23,279
33EENClaymore/BNY Mellon EW Euro-Pacific LDRs381,361$25,030
34RTWRydex Inverse 2x S&P Technology 221,435$25,380
35FDDFirst Trust DJ STOXX European Select Div311,948$25,957
36TZOiShares S&P Target Date 2035 Index Fund17848$26,175
37UBGE-TRACS CMCI Gold Total Return ETN24904$27,275
38RHORydex Inverse 2x S&P Health Care 22905$27,413
39PGDBarclays Asian&Gulf Currency Reval. ETN22565$28,068
40PBTQPowerShares Global Biotech Portfolio 191,126$28,630
41TZDiShares S&P Target Date 2010 Index Fund17991$29,018
42AYTBarclays GEMS Asia 8 ETN19626$29,519
43UAGE-TRACS CMCI Agriculture TR ETN241,535$29,967
44EROiPath EUR/USD Exchange Rate ETN35583$30,706
45IWLiShares Russell Top 200 Index Fund 61,157$30,776
46UBDClaymore U.S. Capital Markets Bond ETF26648$31,731
47UBME-TRACS CMCI Industrial Metals TR ETN241,504$32,192
48JFTFirst Trust Enhanced 130/30 Large Cap ETN231,099$34,216
49TLLProShares UltraShort Telecom 242,530$36,432
50WMWElements Mrngstr Wide Moat Focus ETN303,500$38,040
51TZLiShares S&P Target Date 2030 Index Fund171,274$39,422
52TZGiShares S&P Target Date 2020 Index Fund171,374$41,701
53TZEiShares S&P Target Date 2015 Index Fund171,422$42,577
54ULQClaymore U.S. Cap Mkts Micro-Trm Fxd Inc26868$43,245
55TDDTDX Independence 2010301,870$43,456
56XRUCurrencyShares Russian Ruble Shares171,313$44,140
57PIQPowerShares Dynamic Magniquant 422,122$45,645
58BSCElements Ben Graham Small Cap Value ETN204,091$47,359
59PAOPowerShares Auto Balanced Growth NFA 234,157$48,482
60IPWSPDR S&P International Energy 201,913$49,095
61DEFClaymore/Sabrient Defender402,304$49,686
62IPUSPDR S&P International Utilities 202,309$49,717
63IPSSPDR S&P International Consumer Staples 201,787$51,252
64TZViShares S&P Target Date 2040 Index Fund171,726$53,581
65XGCClaymore/BNY Mellon Intl Small Cap LDRs362,687$54,278
66UWCProShares Ultra Russell3000 9883$57,095
67WMHHOLDRS Wireless 1151,239$57,169
68ROIWisdomTree LargeCap Growth161,674$57,306
69TZIiShares S&P Target Date 2025 Index Fund171,900$58,561
70TGRiShares S&P Target Date Retirement Inc.172,104$59,462
71FUDE-TRACS CMCI Food Total Return ETN243,009$59,928
72SJLProShares UltraShort Russell Midcap Value382,735$60,215
73RWVRevenueShares Navellier Overall A-100 141,865$60,385
74PJMPowerShares Dynamic Small Cap413,191$63,936
75PCAPowerShares Auto Balanced NFA 235,235$63,981
76PSTLPowerShares Global Steel Portfolio192,961$67,896
77VRDSPDR S&P VRDO Municipal Bond ETF 62,391$71,773
78FPXFirst Trust US IPO Index Fund483,474$72,349
79RHMRydex 2x S&P Health Care 221,035$73,495
80PEFPowerShares FTSE RAFI Europe 342,217$75,777
81FVIFirst Trust Value Line Equity Allocation404,183$76,411
82INRMarket Vectors Indian Rupee/USD ETN251,961$76,958
83PTOPowerShares Auto Growth NFA 236,861$77,301
84INYSPDR Barclays New York Muni Bond303,465$78,307
85RECRydex Inverse 2x S&P Energy 2215,578$79,926
86JJSiPath DJ-UBS Softs ETN221,748$80,535
87MKHHOLDRS Merrill Lynch Market 2000+ 1171,643$81,022
88MCROIQ Hedge Macro Tracker ETF103,126$82,664
89BDHHOLDRS Broadband ETF1227,265$83,398
90FADFirst Trust Multi Cap Growth AlphaDEX 353,235$83,927
91PICPowerShares Dynamic Insurance 545,565$84,115
92EFNEGS DJ Emerging Markets Financials Titans71,917$85,247
93GXFGlobal X FTSE Nordic 30 ETF 75,057$85,681
94EZJProShares Ultra MSCI Japan101,243$86,549
95EEOEGS DJ Emg Mkts Energy Titans101,843$86,692
96AGAPowerShares DB Agriculture Dbl Short ETN241,978$88,369
97OTRClaymore/Ocean Tomo Growth 363,591$88,458
98PQBWPowerShares Nasdaq 100 Buy/Write224,030$89,034
99PKWPowerShares Buyback Achievers404,226$91,884
100PWOPowerShares Dynamic OTC 842,148$92,610
101IFASiShares FTSE EPRA/NAREIT Asia293,278$94,301
102URRMarket Vectors Double Long Euro ETN233,158$94,596
103LVLClaymore/BBD High Income 346,426$94,869
104IPNSPDR S&P International Industrial 203,869$95,144
105JJEiPath DJ-UBS Energy ETN304,004$97,298
106ISTSPDR S&P International Telecom204,239$97,749
107PTEPowerShares Dynamic Telecom & Wireless 536,804$97,774
108TDVTDX Independence 2040305,287$98,437

Past issues of ETF Deathwatch are available here.

Disclosure covering writer, editor, and publisher: 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.


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