ETF Deathwatch for August 2010

August 4, 2010 by  
Filed under Commentary, ETF Deathwatch 2010

The number of exchange-traded products (ETPs) on ETF Deathwatch climbed again this month to 146 (110 ETFs and 36 ETNs).  This is a 9.8% increase from last month and the largest quantity since fourteen months ago when the count stood at 150.

There are currently 108 products that have been granted temporary immunity from this list because they are less than six months old.  Many will eventually find their way here.  In fact, eight of the 22 new products launched in January 2010 that are eligible for the first time this month are included in the list below.

One of those “newly eligible” tops our list this month:  iShares MSCI Far East Financials Sector (FEFN).  FEFN had trading activity on only two days in July with a grand total of 500 shares changing hands (another data source shows only one day and a total of 240 shares).  I’m not at all surprised to see this ETF here since the remaining nine ETFs needed to complete the MSCI Far East Sector suite have not been launched.  The other “partial suites” launched by iShares at the same time as FEFN are also suffering.  However, iShares took steps to help the MSCI All-Country ex-US suite by launching the other nine ETFs in July.

Despite all the fanfare and hoopla surrounding the introduction of “actively-managed” ETFs from Grail, all seven of their funds are now on ETF Deathwatch.  Of the 28 actively-managed ETFs currently on the market, four were introduced in the past six months giving them temporary immunity from the ETF Deathwatch list.  Of the remaining 24, eleven of them (45.8%) can be found on the list below.

Listed below are the 146 products on ETF Deathwatch for August that failed to generate at least $100,000 in average daily dollar volume, or average daily value traded (ADVT), during the past month.

ETF Deathwatch for August 2010

RankTickerNameAge (mths) Avg Daily Volume Avg Daily Value Traded
1FEFNiShares MSCI Far East Financials Sector 6.324 $533
2PGDBarclays Asian&Gulf Currency Reval. ETN25.829 $1,422
3GWOElements CS Global Warming ETN28.3238 $1,454
4BVLElements Ben Graham Large Cap Value ETN23.9186 $1,816
5JVSJETS DJ Islamic Market International 13.243 $1,903
6EENClaymore/BNY Mellon EW Euro-Pacific LDRs41.6181 $2,970
7GMMBGrail McDonnell Intermediate Municipal Bnd6.162 $3,153
8UBNE-TRACS CMCI Energy Total Return ETN28.3238 $3,263
9JEMBarclays GEMS Currency Index ETN30.481 $3,560
10PTDE-TRACS CMCI Short Platinum Exc Ret ETN27.1129 $4,109
11EEHElements Spec LgCap US Sector Mo ETN36.5595 $4,714
12FKLFaithShares Lutheran Values Fund 7.6233 $5,884
13MKHHOLDRS Merrill Lynch Market 2000+ 120.7133 $5,954
14GBBiPath GBP/USD Exchange Rate ETN39.3157 $6,449
15EXBClaymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs37.7567 $6,527
16FZBFaithShares Baptist Values Fund 7.6295 $7,679
17JFTKEYnotes FT Enhanced 130/30 Large Cap ETN26.7324 $9,022
18KMESPDR KBW Mortgage Finance ETF15.2224 $9,083
19RPXGrail RP Growth ETF 10.1352 $9,259
20AXFNiShares MSCI ACWI ex US Financials Sector 6.3438 $9,780
21WMHHOLDRS Wireless 118.7271 $10,605
22ULQClaymore U.S. Cap Mkts Micro-Trm Fxd Inc30.0224 $11,136
23CROClaymore/Zacks Country Rotation 37.2819 $12,188
24UBME-TRACS CMCI Industrial Metals TR ETN28.3648 $12,355
25DODElements Dogs of the Dow Total Return ETN33.2 1,795 $12,472
26GCEClaymore CEF Index GS Connect ETN32.1848 $13,206
27GMTBGrail McDonnell Core Taxable Bond ETF 6.1262 $13,433
28CRBAJefferies|TR/J CRB Global Agriculture Equity9.2367 $13,473
29RFFGrail RP Financials ETF 10.1567 $13,872
30FUEElements MLCX Biofuels ETN30.2 1,838 $14,272
31BDGPowerShares DB Base Metals Long ETN25.8714 $14,417
32UBCE-TRACS CMCI Livestock Total Return ETN28.3762 $14,737
33RPQGrail RP Technology ETF 10.1533 $14,802
34SPGHUBS E-TRACS S&P 500 Gold Hedged Idx ETN6.1590 $15,904
35UAGE-TRACS CMCI Agriculture TR ETN28.3819 $16,800
36PQSCPowerShares FTSE Nasdaq Small Cap28.3767 $17,211
37BSCElements Ben Graham Small Cap Value ETN23.8 1,667 $17,603
38UBGE-TRACS CMCI Gold Total Return ETN28.3562 $18,192
39INRMarket Vectors Indian Rupee/USD ETN28.8486 $18,347
40PQZPowerShares Active Alpha Multi-Cap 28.0 1,162 $18,633
41XGCClaymore/BNY Mellon Intl Small Cap LDRs40.5962 $19,081
42EMFNiShares MSCI Emerging Markets Financials 6.3752 $19,125
43AGFPowerShares DB Agriculture Long ETN27.9 1,362 $19,793
44PBTQPowerShares Global Biotech Portfolio 22.7919 $20,001
45PSTLPowerShares Global Steel Portfolio22.6 1,090 $20,737
46VRDSPDR Nuveen S&P VRDO Municipal Bond ETF 10.3705 $21,135
47CRBIJefferies|TR/J CRB Global Ind Metals Equity9.2605 $21,583
48EFNEGS DJ Emerging Markets Financials Titans10.6486 $21,658
49EKHHOLDRS Europe 2001 116.0405 $22,307
50FCVFaithShares Catholic Values Fund 7.8905 $23,041
51AYTBarclays GEMS Asia 8 ETN23.2529 $24,509
52TZOiShares S&P Target Date 2035 Index Fund21.1838 $24,594
53PMAPowerShares Active Mega-Cap Portfolio27.9 1,186 $25,412
54CHIEGlobal X China Energy ETF 7.6 1,929 $25,989
55TZIiShares S&P Target Date 2025 Index Fund21.1890 $26,457
56IFEUiShares FTSE EPRA/NAREIT Europe32.8 1,038 $26,522
57PTRPPowerShares Glb Progressive Transport.22.7 1,029 $26,582
58CHIBGlobal X China Technology ETF 7.8 1,886 $26,917
59LDiPath DJ-UBS Lead ETN25.6595 $28,463
60GRNiPath Global Carbon ETN25.6 1,119 $28,609
61UWCProShares Ultra Russell3000 13.1514 $29,241
62TZEiShares S&P Target Date 2015 Index Fund21.1 1,014 $29,438
63PEFPowerShares FTSE RAFI Europe 37.7938 $30,280
64EMMTiShares MSCI Emerging Markets Materials 6.3 1,381 $30,281
65GSRGlobalShares FTSE Emerging Markets 7.8 1,600 $31,096
66IPNSPDR S&P International Industrial 24.5 1,348 $31,266
67IWLiShares Russell Top 200 Index Fund 10.3 1,295 $32,224
68BVTElements Ben Graham Total Mkt Value ETN23.9 2,995 $32,393
69PTOPowerShares Ibbotson Alternative Completion 26.7 3,176 $33,185
70PKOLPowerShares Global Coal Portfolio22.7 1,376 $35,645
71JPPSPDR Russell/Nomura PRIME Japan45.2 1,014 $37,016
72FUDE-TRACS CMCI Food Total Return ETN28.3 1,933 $38,717
73OTPClaymore/Ocean Tomo Patent 44.1 1,800 $39,148
74RWGGrail RP Focused Large Cap Growth ETF 10.1 1,500 $39,437
75NUCLiShares S&P Global Nuclear Energy25.5 1,124 $40,944
76ROBClaymore/Robb Report Global Luxury 36.6 2,276 $41,422
77USVE-TRACS CMCI Silver Total Return ETN28.3 1,643 $41,545
78IPUSPDR S&P International Utilities 24.5 2,148 $41,610
79WMWElements Mrngstr Wide Moat Focus ETN33.9 4,205 $41,815
80DPUPowerShares DB Commodity Long ETN27.5 2,962 $42,094
81BDHHOLDRS Broadband ETF125.6 4,152 $44,436
82GVTGrail American Beacon Large Cap Value15.1 1,471 $45,610
83EROiPath EUR/USD Exchange Rate ETN39.3943 $47,156
84IRYSPDR S&P International Health Care 24.5 1,752 $47,563
85IRVSPDR S&P International Materials 24.5 2,110 $48,529
86TZLiShares S&P Target Date 2030 Index Fund21.1 1,681 $49,800
87XRUCurrencyShares Russian Ruble Shares20.9 1,538 $50,280
88DJCIUBS E-TRACS DJ-UBS Commodity TR ETN9.2200 $51,034
89FMVFaithShares Methodist Values Fund 7.8 2,000 $51,081
90TZDiShares S&P Target Date 2010 Index Fund21.1 1,790 $51,425
91BHHHOLDRS B2B Internet ETF127.0 77,400 $51,464
92TLLProShares UltraShort Telecom 28.5 3,657 $51,627
93TZViShares S&P Target Date 2040 Index Fund21.1 1,814 $51,781
94RHSRydex S&P Equal Weight Cons Staples45.4 1,048 $53,624
95TDDTDX Independence 201034.5 2,329 $53,908
96FDDFirst Trust DJ STOXX European Select Div35.5 4,357 $55,135
97TDXTDX Independence In-Target34.5 2,233 $55,696
98GULFWisdomTree Middle East Dividend 24.8 4,005 $57,555
99MESMarket Vectors Gulf States 24.6 3,076 $59,147
100SZRWisdomTree Dreyfus S. African Rand25.5 2,133 $60,813
101TDNTDX Independence 203034.5 3,419 $61,430
102LVLClaymore/BBD High Income 37.7 4,762 $63,214
103PMRPowerShares Dynamic Retail 58.0 4,000 $64,245
104ISTSPDR S&P International Telecom24.5 2,924 $64,603
105PTEPowerShares Dynamic Telecom & Wireless 56.6 4,714 $65,008
106PJBPowerShares Dynamic Banking46.3 5,305 $65,172
107FPXFirst Trust US IPO Index Fund52.3 3,443 $67,445
108CZAClaymore/Zacks Mid-Cap Core ETF40.5 2,738 $67,791
109INYSPDR Nuveen Barclays New York Muni Bond34.0 3,052 $69,609
110FOCFaithShares Christian Values Fund 7.8 2,762 $71,035
111TDVTDX Independence 204034.5 4,157 $71,905
112PICPowerShares Dynamic Insurance 58.0 5,038 $72,530
113UHNUnited States Heating Oil Fund LP28.1 2,971 $73,642
114OTRClaymore/Ocean Tomo Growth 40.5 3,157 $74,684
115EEOEGS DJ Emg Mkts Energy Titans14.5 1,681 $75,345
116IPKSPDR S&P International Technology 24.6 3,181 $75,509
117JPXProShares UltraShort MSCI Pacific ex-Japan13.6 4,129 $75,667
118IPDSPDR S&P International Consumer Discr24.5 3,243 $76,826
119QABAFirst Trust NASDAQ ABA Community Bank 13.2 3,414 $77,679
120PFAPowerShares Dynamic Dev Intl Opps38.1 5,252 $77,893
121RWVRevenueShares Navellier Overall A-100 18.5 2,610 $80,818
122TDHTDX Independence 202034.5 3,962 $82,034
123MUAEiShares 2016 S&P AMT-Free Muni Series 6.9 1,595 $82,260
124QQXTFirst Trust Nasdaq-100 ex-Technology 42.1 4,729 $83,159
125UCDProShares Ultra DJ-UBS Commodity20.4 3,638 $83,574
126PKWPowerShares Buyback Achievers44.0 4,105 $83,815
127IPWSPDR S&P International Energy 24.5 3,848 $83,908
128IFASiShares FTSE EPRA/NAREIT Asia32.8 3,133 $84,601
129BWViPath CBOE S&P 500 BuyWrite Index ETN38.8 1,967 $84,700
130PMNAPowerShares MENA Frontier Countries25.1 6,952 $85,213
131FVIFirst Trust Value Line Equity Allocation44.5 4,971 $86,472
132IFNAiShares FTSE NAREIT North America32.8 2,462 $86,721
133EZYWisdomTree Large Cap Value41.8 2,690 $87,932
134JJPiPath DJ-UBS Precious Metals ETN25.6 1,452 $88,854
135RTLiShares FTSE NAREIT Retail Capped39.4 3,848 $89,103
136LTLProShares Ultra Telecommunications 28.5 2,538 $90,156
137MNAIQ Merger Arbitrage ETF 8.5 3,524 $90,161
138PJOPowerShares FTSE RAFI Japan 37.7 2,543 $90,279
139JJSiPath DJ-UBS Softs ETN25.6 1,838 $90,854
140PKNPowerShares Global Nuclear Energy28.3 5,152 $91,694
141RYURydex S&P Equal Weight Utilities45.4 1,962 $92,256
142OLOPowerShares DB Crude Oil Long ETN25.7 7,967 $94,401
143BALiPath DJ-UBS Cotton ETN25.5 2,590 $95,096
144PQYPowerShares Active AlphaQ 28.0 4,224 $96,996
145ADRUBLDRS Europe 100 ADR93.9 5,290 $97,118
146DEFClaymore/Sabrient Defender44.1 4,605 $98,561

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.

Comments

One Response to “ETF Deathwatch for August 2010”

  1. Tweets that mention ETF Deathwatch for August 2010 | Invest With An Edge -- Topsy.com on August 4th, 2010 8:40 am

    [...] This post was mentioned on Twitter by Zack Miller and tom brakke, Rollscritique. Rollscritique said: RT @researchpuzzler: even as more are introduced, the number of ETFs on death watch is up 10% from last month http://bit.ly/9y49Qd $$ [...]

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