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):

  1. Claymore Wilshire 5000 Total Market ETF (WFVK) (Claymore Introduces 3 Me-Too ETF Clones)
  2. Claymore Wilshire 4500 Completion ETF (WXSP)
  3. Claymore Wilshire US REIT ETF (WREI)
  4. SPDR S&P Russia ETF (RBL) (New Russia ETF from SPDR)
  5. Direxion Daily BRIC 2x Bull (BRIL) (Six More ETFs from Direxion)
  6. Direxion Daily BRIC 2x Bear (BRIS)
  7. Direxion Daily India 2x Bull (INDL)
  8. Direxion Daily India 2x Bear (INDZ)
  9. Direxion Daily Semiconductor 3x Bull (SOXL)
  10. Direxion Daily Semiconductor 3x Bear (SOXS)
  11. ProShares Short Real Estate (REK) (New Inverse ProShares)
  12. ProShares Short Basic Materials (SBM)
  13. ProShares Short FTSE/Xinhua China (YXI)
  14. First Trust ISE Global Platinum Index Fund (PLTM) (New First Trust ETFs Not Physically Backed)
  15. First Trust ISE Global Copper Index Fund (CU)
  16. IQ Small Cap Australia ETF (KROO) (Small Cap Australia and Canada ETFs from IndexIQ)
  17. IQ Small Cap Canada ETF (CNDA)

Product closures/delistings in March:

  1. WisdomTree Earnings Top 100 (former ticker = EEZ) (ETF Death Toll Climbs to 134)
  2. WisdomTree Europe Total Dividend Fund (former ticker = DEB)
  3. WisdomTree International Communications Sector (former ticker = DGG)
  4. WisdomTree International Consumer Discretionary Sector Fund (former ticker = DPC)
  5. WisdomTree International Consumer Staples Sector Fund (former ticker = DPN)
  6. WisdomTree International Financial Sector Fund (former ticker = DRF)
  7. WisdomTree International Health Care Sector Fund (former ticker = DBR)
  8. WisdomTree International Industrial Sector Fund (former ticker = DDI)
  9. WisdomTree International Technology Sector Fund (former ticker = DBT)
  10. WisdomTree U.S. Short Term Government Income Fund (former ticker = USY)