The number of exchange-traded products (ETPs) on ETF Deathwatch crept back into triple-digits this month.  For March, the quantity is 104 (71 ETFs and 33 ETNs), up from the 99 for February.

Only four funds were launched last August.  Since they surpassed six-months of age during February, they are no longer excluded from consideration.  Three of them are doing quite well, but the Global X Nordic 30 ETF (GXF) is on this month’s list at #99.  I for one would like to see this product succeed as it provides unique foreign market access.  GXF is still relatively young and therefore has plenty of potential to escape the list in coming months.

The top of this month’s list is headed up E-TRACS CMCI Short Platinum Excess Return ETN (PTD).  Trading was especially pitiful with only 400 shares changing hands on a single day of trading back on February 4.  PTD is the only inverse platinum product on the market, so it can’t be blamed on competition.

ELEMENTS Ben Graham Large Cap Value ETN (BVL), one of our regulars, managed to trade on six days during February, an improvement from its five days of January trading.  Most investors are not familiar with the ELEMENTS brand.  ELEMENTS are more or less owned by Merrill Lynch, but Merrill does not issue them.  In the case of BVL and a few others, they are unsecured notes issued by Deutsche Bank.  Other ELEMENTS notes are issued by Credit Suisse, HSBC, or Swedish Export Credit Corporation.  The ETNs are then distributed by Nuveen and Merrill Lynch.

Merrill Lynch’s ETF products aren’t doing much better than their ETNs.  Merrill Lynch HOLDRS have been around for years, but their fixed structure is now antiquated.  Six of the HOLDRS are on ETF Deathwatch this month, and there are now better “true ETF” alternatives for all HOLDRS.

Don’t forget that WisdomTree will close 10 funds this month with the last day of trading being March 24.  Sell your shares before the liquidation process begins and use a limit order.  Listed below are the 104 products on ETF Deathwatch for March that failed to generate at least $100,000 in average daily value traded (ADVT) during the past month.

 

ETF DEATHWATCH – MARCH 2010

Rank Ticker Name Age (mths) Avg Daily Volume Avg Daily Value Traded
1 PTD E-TRACS CMCI Short Platinum Exc Ret ETN 22 21 $672
2 BVL Elements Ben Graham Large Cap Value ETN 19 358 $3,499
3 EEH Elements Spec LgCap US Sector Mo ETN 31 832 $6,649
4 TZD iShares S&P; Target Date 2010 Index Fund 16 268 $7,614
5 FUE Elements MLCX Biofuels ETN 25 989 $8,014
6 GBB iPath GBP/USD Exchange Rate ETN 34 195 $8,201
7 BHH HOLDRS B2B Internet ETF 122 21,874 $9,144
8 PQSC PowerShares FTSE Nasdaq Small Cap 23 442 $9,679
9 UBC E-TRACS CMCI Livestock Total Return ETN 23 537 $9,791
10 PNXQ PowerShares Nasdaq Next Q 23 421 $9,853
11 EKH HOLDRS Europe 2001 111 205 $12,044
12 PBTQ PowerShares Global Biotech Portfolio 18 511 $12,309
13 PMA PowerShares Active Mega-Cap Portfolio 23 621 $13,851
14 UBN E-TRACS CMCI Energy Total Return ETN 23 947 $14,068
15 BVT Elements Ben Graham Total Mkt Value ETN 19 1,432 $14,759
16 AGA PowerShares DB Agriculture Dbl Short ETN 23 411 $15,675
17 TZO iShares S&P; Target Date 2035 Index Fund 16 595 $17,109
18 WMH HOLDRS Wireless 114 405 $17,596
19 GWO Elements CS Global Warming ETN 23 2,726 $18,031
20 ADZ PowerShares DB Agriculture Short ETN 23 563 $18,541
21 GVT Grail American Beacon Large Cap Value 10 637 $19,278
22 TZI iShares S&P; Target Date 2025 Index Fund 16 684 $19,929
23 MKH HOLDRS Merrill Lynch Market 2000+ 116 447 $21,162
24 INR Market Vectors Indian Rupee/USD ETN 24 558 $21,308
25 GRN iPath Global Carbon ETN 20 921 $21,940
26 EEN Claymore/BNY Mellon EW Euro-Pacific LDRs 37 1,305 $22,525
27 TZL iShares S&P; Target Date 2030 Index Fund 16 811 $23,691
28 PQZ PowerShares Active Alpha Multi-Cap 23 1,447 $23,881
29 UBG E-TRACS CMCI Gold Total Return ETN 23 795 $23,899
30 EXB Claymore/Beacon Global Exch, Brkrs, & Asst Mgrs 33 1,979 $24,638
31 TZE iShares S&P; Target Date 2015 Index Fund 16 863 $24,840
32 AYT Barclays GEMS Asia 8 ETN 18 553 $25,782
33 IPS SPDR S&P; International Consumer Staples 19 953 $26,122
34 FAD First Trust Multi Cap Growth AlphaDEX 34 1,205 $28,196
35 STH Claymore/Sabrient Stealth 42 1,889 $28,330
36 UAG E-TRACS CMCI Agriculture TR ETN 23 1,384 $28,560
37 IIH HOLDRS Internet Infrastructure 122 10,774 $28,589
38 UBM E-TRACS CMCI Industrial Metals TR ETN 23 1,489 $29,584
39 PGD Barclays Asian&Gulf; Currency Reval. ETN 21 605 $29,878
40 CZA Claymore/Zacks Mid-Cap Core ETF 35 1,324 $30,312
41 JVS Javelin DJ Islamic Market International 8 658 $30,495
42 ULQ Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 25 614 $30,630
43 AGF PowerShares DB Agriculture Long ETN 23 1,921 $32,059
44 IFNA iShares FTSE NAREIT North America 28 1,047 $32,713
45 TWQ ProShares UltraShort Russell3000 8 1,316 $34,446
46 FDD First Trust DJ STOXX European Select Dividend 30 2,853 $36,929
47 PTRP PowerShares Glb Progressive Transport. 18 1,442 $37,158
48 FUD E-TRACS CMCI Food Total Return ETN 23 1,821 $37,401
49 JEM Barclays GEMS Currency Index ETN 25 853 $37,594
50 USV E-TRACS CMCI Silver Total Return ETN 23 1,742 $38,741
51 IFEU iShares FTSE EPRA/NAREIT Europe 28 1,400 $38,772
52 TZG iShares S&P; Target Date 2020 Index Fund 16 1,342 $38,999
53 IRY SPDR S&P; International Health Care 19 1,384 $39,832
54 DPU PowerShares DB Commodity Long ETN 22 2,763 $41,809
55 BSC Elements Ben Graham Small Cap Value ETN 19 3,942 $41,900
56 ROI WisdomTree LargeCap Growth 15 1,289 $41,954
57 ERO iPath EUR/USD Exchange Rate ETN 34 795 $42,494
58 TZV iShares S&P; Target Date 2040 Index Fund 16 1,511 $44,261
59 JYF WisdomTree Dreyfus Japan Yen 22 1,542 $44,771
60 RHO Rydex Inverse 2x S&P; Health Care 21 1,431 $46,520
61 URR Market Vectors Double Long Euro ETN 22 1,632 $49,741
62 BDG PowerShares DB Base Metals Lng ETN 21 2,374 $51,355
63 JPP SPDR Russell/Nomura PRIME Japan 40 1,384 $51,524
64 PIC PowerShares Dynamic Insurance 53 4,016 $55,074
65 DEF Claymore/Sabrient Defender 39 2,668 $55,191
66 JYN iPath JPY/USD Exchange Rate ETN 34 858 $56,244
67 PTO PowerShares Auto Growth NFA 22 5,416 $57,222
68 RTW Rydex Inverse 2x S&P; Technology 21 2,921 $58,763
69 RHS Rydex S&P; Equal Weight Cons Staples 40 1,179 $59,957
70 DOD Elements Dogs of the Dow Total Return ETN 28 8,963 $62,077
71 INY SPDR Barclays New York Muni Bond 29 2,774 $62,495
72 OTP Claymore/Ocean Tomo Patent 39 3,032 $67,189
73 PCA PowerShares Auto Balanced NFA 22 5,779 $67,326
74 UBD Claymore U.S. Capital Markets Bond ETF 25 1,374 $67,563
75 UCI E-TRACS CMCI Total Return ETN 23 3,921 $74,682
76 PSTL PowerShares Global Steel Portfolio 17 3,563 $74,778
77 TDD TDX Independence 2010 29 3,305 $75,598
78 XGC Claymore/BNY Mellon Intl Small Cap LDRs 35 4,093 $77,461
79 PFI PowerShares Dynamic Financials 41 4,726 $77,837
80 SZR WisdomTree Dreyfus S. African Rand 20 2,921 $79,210
81 ROB Claymore/Robb Report Global Luxury 31 4,758 $79,325
82 FPX First Trust US IPO Index Fund 47 4,084 $80,013
83 GCE Claymore CEF Index GS Connect ETN 27 5,100 $80,139
84 JJS iPath DJ-UBS Softs ETN 20 1,642 $81,403
85 XRU CurrencyShares Russian Ruble Shares 16 2,537 $82,884
86 TDX TDX Independence In-Target 29 3,332 $83,055
87 CRO Claymore/Zacks Country Rotation 32 5,484 $84,192
88 RYU Rydex S&P; Equal Weight Utilities 40 1,926 $84,769
89 PTJ PowerShares Dynamic Healthcare Services 41 4,311 $86,781
90 RGI Rydex S&P; Equal Weight Industrials 40 2,079 $89,585
91 REC Rydex Inverse 2x S&P; Energy 21 16,168 $90,180
92 PAO PowerShares Auto Balanced Growth NFA 22 8,237 $90,582
93 UWC ProShares Ultra Russell3000 8 1,637 $90,779
94 TDV TDX Independence 2040 29 5,223 $91,454
95 IPW SPDR S&P; International Energy 19 3,689 $91,890
96 GULF WisdomTree Middle East Dividend 20 6,300 $91,938
97 BWV iPath CBOE S&P; 500 BuyWrite Index ETN 34 2,089 $92,287
98 IPD SPDR S&P; International Consumer Discr 19 3,979 $92,979
99 GXF Global X FTSE Nordic 30 ETF 6 5,853 $93,407
100 QABA First Trust NASDAQ ABA Community Bank 8 4,074 $94,564
101 IPU SPDR S&P; International Utilities 19 4,458 $95,404
102 EFO ProShares Ultra MSCI EAFE 9 1,379 $95,445
103 BDH HOLDRS Broadband ETF 121 8,674 $96,335
104 TDN TDX Independence 2030 29 5,472 $98,385

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.