In March there were 17 new ETFs and no ETNs launched. Ten ETFs were delisted. The number of US listed ETPs now stands at 971 (880 ETFs and 91 ETNs).
A total of 56 new ETPs have come out so far this year. Subtracting out the 10 closures during the first quarter yields a net increase of 46. The ten WisdomTree fund closures included an actively-managed one, dropping the number of actively-managed listings to 25.
Notional trading of ETPs dropped -3% in March to $1.377 trillion even though there were four more trading days over the prior month. As a result, the average daily value traded (ADVT) plunged -19.9% to $59.9 billion from $74.8 billion in February.
The drop in trading was felt across the entire spectrum of ETPs: The ADVT for SDPR S&P 500 (SPY), the most heavily traded ETF, dropped more than -22% to just $19.4 billion. The number of ETPs trading more than $1 billion per day plunged from 14 to nine, while those trading more than $100 million per day dropped from 82 to 69.
Meanwhile, the number of products on Deathwatch (ADVT below $100,000 and more than six months on the market) increased from 104 to 108.
| March 2010 Month End | ETFs | ETNs | Total |
|---|---|---|---|
| Currently Listed U.S. | 880 | 91 | 971 |
| Listed as of 12/31/2009 | 836 | 89 | 925 |
| New Introductions for Month | 17 | 0 | 17 |
| Delistings/Closures for Month | 10 | 0 | 10 |
| Net Change for Month | +7 | 0 | +7 |
| New Introductions YTD | 54 | 2 | 56 |
| Delistings/Closures YTD | 10 | 0 | 10 |
| Net Change YTD | +44 | +2 | +46 |
| Quantity Actively-Managed | 25 | 0 | 25 |
| ADVT > $1 Billion | 9 | 0 | 9 |
| ADVT > $100 Million | 68 | 1 | 69 |
| On Deathwatch at End of Month | 76 | 32 | 108 |
| % on Deathwatch | 8.6% | 35.2% | 11.1% |
New products launched in March (in chronological order):
- Claymore Wilshire 5000 Total Market ETF (WFVK) (Claymore Introduces 3 Me-Too ETF Clones)
- Claymore Wilshire 4500 Completion ETF (WXSP)
- Claymore Wilshire US REIT ETF (WREI)
- SPDR S&P Russia ETF (RBL) (New Russia ETF from SPDR)
- Direxion Daily BRIC 2x Bull (BRIL) (Six More ETFs from Direxion)
- Direxion Daily BRIC 2x Bear (BRIS)
- Direxion Daily India 2x Bull (INDL)
- Direxion Daily India 2x Bear (INDZ)
- Direxion Daily Semiconductor 3x Bull (SOXL)
- Direxion Daily Semiconductor 3x Bear (SOXS)
- ProShares Short Real Estate (REK) (New Inverse ProShares)
- ProShares Short Basic Materials (SBM)
- ProShares Short FTSE/Xinhua China (YXI)
- First Trust ISE Global Platinum Index Fund (PLTM) (New First Trust ETFs Not Physically Backed)
- First Trust ISE Global Copper Index Fund (CU)
- IQ Small Cap Australia ETF (KROO) (Small Cap Australia and Canada ETFs from IndexIQ)
- IQ Small Cap Canada ETF (CNDA)
Product closures/delistings in March:
- WisdomTree Earnings Top 100 (former ticker = EEZ) (ETF Death Toll Climbs to 134)
- WisdomTree Europe Total Dividend Fund (former ticker = DEB)
- WisdomTree International Communications Sector (former ticker = DGG)
- WisdomTree International Consumer Discretionary Sector Fund (former ticker = DPC)
- WisdomTree International Consumer Staples Sector Fund (former ticker = DPN)
- WisdomTree International Financial Sector Fund (former ticker = DRF)
- WisdomTree International Health Care Sector Fund (former ticker = DBR)
- WisdomTree International Industrial Sector Fund (former ticker = DDI)
- WisdomTree International Technology Sector Fund (former ticker = DBT)
- WisdomTree U.S. Short Term Government Income Fund (former ticker = USY)