There were 28 new exchange traded product (ETPs) launched in April, consisting of 26 ETFs and two ETNs. Just one ETF was delisted, for a net increase of 27. This is the largest number of new monthly launches since last November.
The number of US-listed ETPs now stands at 998 (905 ETFs and 93 ETNs). A total of 84 new ETP launches have occurred so far this year. Subtracting out the 11 closures yields a net increase of 73.
The one closure in April came as a surprise as Claymore/Delta Global Shipping (SEA) was forced to shut down when it failed to obtain shareholder approval for a new advisory contract. Rydex has announced its intention to close a dozen ETFs in May.
Notional trading of ETPs climbed +9.6% in April to $1.51 trillion even though there were two fewer trading days. As a result, the average daily value traded (ADVT) jumped +20.1% to $72.0 billion from $59.9 billion in March.
The increase in trading was felt across the entire spectrum of ETPs: The ADVT for SDPR S&P 500 (SPY) was up more than +17% to $22.7 billion. The quantity of ETPs trading more than $1 billion per day went from nine to thirteen, while those trading more than $100 million per day saw their ranks increase from 69 to 78.
Meanwhile, the number of products on Deathwatch (ADVT below $100,000 and more than six months on the market) dropped from 108 to 99.
| April 2010 Month End | ETFs | ETNs | Total |
|---|---|---|---|
| Currently Listed U.S. | 905 | 93 | 998 |
| Listed as of 12/31/2009 | 836 | 89 | 925 |
| New Introductions for Month | 26 | 2 | 28 |
| Delistings/Closures for Month | 1 | 0 | 1 |
| Net Change for Month | +25 | +2 | +27 |
| New Introductions YTD | 80 | 4 | 84 |
| Delistings/Closures YTD | 11 | 0 | 11 |
| Net Change YTD | +69 | +4 | +73 |
| Actively-Managed (qty) | 25 | 0 | 25 |
| ADVT > $1 Billion | 13 | 0 | 13 |
| ADVT > $100 Million | 77 | 1 | 78 |
| On Deathwatch | 68 | 31 | 99 |
| % on Deathwatch | 7.5% | 33.3% | 9.9% |
New products launched in April (in chronological order):
- UBS E-TRACS Alerian MLP Infrastructure Index ETN (MLPI) (Tracking the Alerian MLP Infrastructure Index)
- GlobalShares FTSE All-World Fund (GSW) (Three New ETF Clones from Old Mutual GlobalShares)
- GlobalShares FTSE All-World ex-US Fund (GSO)
- GlobalShares FTSE All-Cap Asia Pacific ex-Japan Fund (GSZ)
- Market Vectors Latin America Small-Cap Index ETF (LATM) (New Latin America Small Cap ETF)
- PowerShares S&P SmallCap Consumer Discretionary Portfolio (XLYS) (PowerShares Small Cap Sector ETFs Hit the Tape)
- PowerShares S&P SmallCap Consumer Staples Portfolio (XLPS)
- PowerShares S&P SmallCap Energy Portfolio (XLES)
- PowerShares S&P SmallCap Financials Portfolio (XLFS)
- PowerShares S&P SmallCap Health Care Portfolio (XLVS)
- PowerShares S&P SmallCap Industrials Portfolio (XLIS)
- PowerShares S&P SmallCap Information Technology Portfolio (XLKS)
- PowerShares S&P SmallCap Materials Portfolio (XLBS)
- PowerShares S&P SmallCap Utilities Portfolio (XLUS)
- ProShares Ultra Nasdaq Biotechnology (BIB) (New Biotech 2x ProShares)
- ProShares UltraShort Nasdaq Biotechnology (BIS)
- JETS Contrarian Opportunities Index Fund (JCO) (Investing in the Contrary)
- First Trust BICK Index Fund (BICK) (New BICK Emerging Market ETF from First Trust)
- Credit Suisse Cushing 30 MLP Index ETN (MLPN) (Cushing 30 MLP Index ETN Launched)
- IQ South Korea Small Cap ETF (SKOR) (Small-Cap Korean Stocks Get Their First ETF)
- Global X Silver Miners ETF (SIL) (Global X Launches ETFs Tracking Silver and Copper Miners)
- Global X Copper Miners ETF (COPX)
- ProShares Ultra KBW Regional Banking (KRU) (New ProShares Cover Regional Banks)
- ProShares Short KBW Regional Banking (KRS)
- ProShares Ultra MSCI Brazil (UBR) (ProShares Leverages the World)
- ProShares Ultra MSCI Europe (UPV)
- ProShares Ultra MSCI Mexico Investable Market (UMX)
- ProShares Ultra MSCI Pacific Ex-Japan (UXJ)
Product closures/delistings in April:
- Claymore/Delta Global Shipping Index ETF (SEA) (ETF Owners Trapped at SEA)