ETF Death Toll Climbs to 134
Today is the last day of trading for 10 ETFs from WisdomTree. These are the first closures of 2010, raising the lifetime death toll to 134. Closures have averaged 57 per year the past two years, and it’s too early to know the final tally for 2010. WisdomTree (WSDT) announced the closures back in…

WisdomTree to Close 10 ETFs in March
WisdomTree (WSDT) announced last Friday (1/29/2010) its intention to close 10 ETFs. The last day of trading will be March 24, 2010 with final redemptions occurring on March 29. I suggest current shareholders avoid the liquidation process by selling on the open market prior to delisting. Be sure…

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…

Totally Obscene UMM DMM Expense Ratio
In the ETF world, which MacroShares strives to be a part of, low expense ratios are expected. Those in excess of 1% typically receive harsh criticism. Most sponsors recognize this fact and work tirelessly to reduce fees and cap expenses for their shareholders. MacroShares took a different route,…

UMM & DMM Trigger Early Termination
They are not ETFs. They are not ETNs. They are MacroShares, and after next week, they are gone. Bye-bye MacroShares. If that sounds like something you’ve read before, then you are correct, maybe more than once. The launch of MacroShares Major Metro Housing Up (UMM) and MacroShares Major Metro…

Claymore Closing Four of Its 17 ETFs on Deathwatch
December 11, 2009 will be the last day of trading for Claymore/Morningstar Manufacturing Super Sector Index ETF (MZG), Claymore/Morningstar Information Super Sector Index ETF (MZN), Claymore/Morningstar Services Super Sector Index ETF (MZO), and Claymore U.S.-1 – The Capital Markets Index ETF (UEM). My…

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…

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…

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…