{"id":956,"date":"2021-07-08T13:24:39","date_gmt":"2021-07-08T13:24:39","guid":{"rendered":"https:\/\/investwithanedge.com\/?page_id=956"},"modified":"2021-07-08T13:24:39","modified_gmt":"2021-07-08T13:24:39","slug":"complete-list-of-102-etp-closures-for-2012","status":"publish","type":"page","link":"https:\/\/investwithanedge.com\/complete-list-of-102-etp-closures-for-2012\/","title":{"rendered":"Complete List of 102 ETP Closures for 2012"},"content":{"rendered":"
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\"\"The ETP Death Toll surged 168% to 102 in 2012 with 82 ETFs and 20 ETNs seeing their last day of US-listed trading during the year.\u00a0 The quantity easily establishes a new record, swamping the prior high of 58 established four years ago in 2008.\u00a0 The lifetime\u00a0count reached 300<\/a>\u00a0in October and now stands at 313.<\/p>\n

Closures affected 15 different brands.\u00a0\u00a0FocusShares was the only sponsor to make a 100% exit<\/a>\u00a0from the marketplace, making it the second time the firm took such drastic action.\u00a0 Its first occurrence was in 2008.\u00a0\u00a0Russell came close to a complete exit, closing 25 of its 26 ETFs.<\/p>\n

\"\"Most of the closures had become Zombie ETFs, and 78 were on ETF Deathwatch at the time of their closure announcements.\u00a0 Typically, closures are the result of failing to attract enough assets, and in turn, not generating enough revenue for the sponsor.\u00a0 There were some exceptions, like the triggering of an early termination<\/a>\u00a0event to prevent the price from going to zero.\u00a0 Three products had graceful closings due to reaching their planned maturity and liquidation dates.<\/p>\n

The average age of funds that closed in 2012 was 20.3 months (1.8 years).\u00a0 This is less than the 26.4-month average lifespan of all 313 closed products, suggesting that sponsors are possibly becoming less willing to subsidize non-profitable funds for extended periods.<\/p>\n

The table below is sorted by product name.\u00a0 Additional data columns include the last day of trading and whether the product was on ETF Deathwatch at the time its closure was announced.<\/p>\n

 <\/p>\n

ETF AND ETN CLOSURES OF 2012<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nTicker<\/th>\nName<\/th>\nLast Day<\/th>\nDeathwatch<\/th>\nNotes<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nDENT<\/td>\nAdvisorShares Dent Tactical ETF<\/td>\n08\/08\/2012<\/td>\nYes<\/td>\n1<\/td>\n<\/tr>\n
2<\/td>\nFXM<\/td>\nCurrencyShares Mexican Peso Trust<\/td>\n03\/23\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
3<\/td>\nFXRU<\/td>\nCurrencyShares Russian Ruble Shares<\/td>\n03\/23\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
4<\/td>\nCOWS<\/td>\nDirexion Daily Agribusiness Bear 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
5<\/td>\nCOWL<\/td>\nDirexion Daily Agribusiness Bull 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
6<\/td>\nMATS<\/td>\nDirexion Daily Basic Materials Bear 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
7<\/td>\nBRIS<\/td>\nDirexion Daily BRIC Bear 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
8<\/td>\nBRIL<\/td>\nDirexion Daily BRIC Bull 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
9<\/td>\nSICK<\/td>\nDirexion Daily Healthcare Bear 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
10<\/td>\nINDZ<\/td>\nDirexion Daily India Bear 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
11<\/td>\nLHB<\/td>\nDirexion Daily Latin America Bear 3x<\/td>\n09\/05\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
12<\/td>\nRETS<\/td>\nDirexion Daily Retail Bear 3x<\/td>\n09\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
13<\/td>\nVXAA<\/td>\nETRACS 1-Month S&P 500 VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
14<\/td>\nVXBB<\/td>\nETRACS 2-Month S&P 500 VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
15<\/td>\nVXCC<\/td>\nETRACS 3-Month S&P 500 VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
16<\/td>\nVXDD<\/td>\nETRACS 4-Month S&P 500 VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
17<\/td>\nVXEE<\/td>\nETRACS 5-Month S&P 500 VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
18<\/td>\nVXFF<\/td>\nETRACS 6-Month S&P 500 VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
19<\/td>\nAAVX<\/td>\nETRACS Daily Short 1-Month S&P VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
20<\/td>\nBBVX<\/td>\nETRACS Daily Short 2-Month S&P VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
21<\/td>\nCCVX<\/td>\nETRACS Daily Short 3-Month S&P VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
22<\/td>\nDDVX<\/td>\nETRACS Daily Short 4-Month S&P VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
23<\/td>\nEEVX<\/td>\nETRACS Daily Short 5-Month S&P VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
24<\/td>\nFFVX<\/td>\nETRACS Daily Short 6-Month S&P VIX Futures ETN<\/td>\n09\/11\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
25<\/td>\nFBM<\/td>\nFocus Morningstar Basic Materials Index ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
26<\/td>\nFCQ<\/td>\nFocus Morningstar Communication Srvcs ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
27<\/td>\nFCL<\/td>\nFocus Morningstar Consumer Cyclical ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
28<\/td>\nFCD<\/td>\nFocus Morningstar Consumer Defensive ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
29<\/td>\nFEG<\/td>\nFocus Morningstar Energy Index ETF<\/td>\n08\/17\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
30<\/td>\nFFL<\/td>\nFocus Morningstar Financial Services ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
31<\/td>\nFHC<\/td>\nFocus Morningstar Health Care Index ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
32<\/td>\nFIL<\/td>\nFocus Morningstar Industrials Index ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
33<\/td>\nFLG<\/td>\nFocus Morningstar Large Cap Index ETF<\/td>\n08\/17\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
34<\/td>\nFMM<\/td>\nFocus Morningstar Mid Cap Index ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
35<\/td>\nFRL<\/td>\nFocus Morningstar Real Estate Index ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
36<\/td>\nFOS<\/td>\nFocus Morningstar Small Cap Index ETF<\/td>\n08\/17\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
37<\/td>\nFTQ<\/td>\nFocus Morningstar Technology Index ETF<\/td>\n08\/17\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
38<\/td>\nFMU<\/td>\nFocus Morningstar US Market Index ETF<\/td>\n08\/17\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
39<\/td>\nFUI<\/td>\nFocus Morningstar Utilities Index ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
40<\/td>\nALUM<\/td>\nGlobal X Aluminum ETF<\/td>\n10\/18\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
41<\/td>\nVROM<\/td>\nGlobal X Auto ETF<\/td>\n10\/18\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
42<\/td>\nBARN<\/td>\nGlobal X Farming ETF<\/td>\n02\/16\/2012<\/td>\nn\/a<\/td>\n4<\/td>\n<\/tr>\n
43<\/td>\nFISN<\/td>\nGlobal X Fishing Industry ETF<\/td>\n02\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
44<\/td>\nEATX<\/td>\nGlobal X Food ETF<\/td>\n02\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
45<\/td>\nMEXS<\/td>\nGlobal X Mexico Small-Cap ETF<\/td>\n02\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
46<\/td>\nQQQM<\/td>\nGlobal X NASDAQ 400 Mid Cap ETF<\/td>\n10\/18\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
47<\/td>\nQQQV<\/td>\nGlobal X NASDAQ 500 ETF<\/td>\n10\/18\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
48<\/td>\nXOIL<\/td>\nGlobal X Oil Equities ETF<\/td>\n02\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
49<\/td>\nEMGX<\/td>\nGlobal X Russell Emerging Markets Growth ETF<\/td>\n02\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
50<\/td>\nEMVX<\/td>\nGlobal X Russell Emerging Markets Value ETF<\/td>\n02\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
51<\/td>\nWSTE<\/td>\nGlobal X Waste Management ETF<\/td>\n02\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
52<\/td>\nBSCC<\/td>\nGuggenheim BulletShares 2012 Corp Bond<\/td>\n12\/28\/2012<\/td>\n–<\/td>\n2<\/td>\n<\/tr>\n
53<\/td>\nBSJC<\/td>\nGuggenheim BulletShares 2012 HY Bond<\/td>\n12\/28\/2012<\/td>\n–<\/td>\n2<\/td>\n<\/tr>\n
54<\/td>\nEEN<\/td>\nGuggenheim EW Euro-Pacific LDRs ETF<\/td>\n03\/23\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
55<\/td>\nXGC<\/td>\nGuggenheim International Small Cap LDRs<\/td>\n03\/23\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
56<\/td>\nEWAC<\/td>\nGuggenheim MSCI ACWI Equal Weight ETF<\/td>\n03\/23\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
57<\/td>\nOTR<\/td>\nGuggenheim Ocean Tomo Growth Index ETF<\/td>\n03\/23\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
58<\/td>\nOTP<\/td>\nGuggenheim Ocean Tomo Patent ETF<\/td>\n03\/23\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
59<\/td>\nXRO<\/td>\nGuggenheim Sector Rotation ETF<\/td>\n03\/23\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
60<\/td>\nVZZB<\/td>\niPath Long Enh 2x S&P 500 VIX M-T Fut ETN<\/td>\n10\/14\/2012<\/td>\nYes<\/td>\n3<\/td>\n<\/tr>\n
61<\/td>\nROSA<\/td>\niPath Short Ext -3x Russell 1000 TR ETN<\/td>\n09\/13\/2012<\/td>\nYes<\/td>\n3<\/td>\n<\/tr>\n
62<\/td>\nRTSA<\/td>\niPath Short Ext -3x Russell 2000 TR ETN<\/td>\n09\/19\/2012<\/td>\n–<\/td>\n3<\/td>\n<\/tr>\n
63<\/td>\nSFSA<\/td>\niPath Short Ext -3x S&P 500 TR Index ETN<\/td>\n09\/13\/2012<\/td>\n–<\/td>\n3<\/td>\n<\/tr>\n
64<\/td>\nEMER<\/td>\nIQ Emerging Markets Mid Cap ETF<\/td>\n12\/18\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
65<\/td>\nSKOR<\/td>\nIQ South Korea Small Cap ETF<\/td>\n08\/17\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
66<\/td>\nMUAA<\/td>\niShares 2012 S&P AMT-Free Muni Series<\/td>\n08\/15\/2012<\/td>\n–<\/td>\n2<\/td>\n<\/tr>\n
67<\/td>\nWCAT<\/td>\nJefferies|TR\/J CRB Wildcatters Expl & Prod<\/td>\n04\/27\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
68<\/td>\nBTAH<\/td>\nQuantShares U.S. Market Neutral High Beta<\/td>\n11\/02\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
69<\/td>\nQLT<\/td>\nQuantShares U.S. Market Neutral Quality<\/td>\n11\/02\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
70<\/td>\nNOMO<\/td>\nQuantShares U.S. Mkt Neutral Anti-Momentum<\/td>\n11\/02\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
71<\/td>\nHBTA<\/td>\nRussell 1000 High Beta ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
72<\/td>\nHMTM<\/td>\nRussell 1000 High Momentum ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
73<\/td>\nHVOL<\/td>\nRussell 1000 High Volatility ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
74<\/td>\nLBTA<\/td>\nRussell 1000 Low Beta ETF<\/td>\n10\/16\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
75<\/td>\nLVOL<\/td>\nRussell 1000 Low Volatility ETF<\/td>\n10\/16\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
76<\/td>\nSHBT<\/td>\nRussell 2000 High Beta ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
77<\/td>\nSHMO<\/td>\nRussell 2000 High Momentum ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
78<\/td>\nSHVY<\/td>\nRussell 2000 High Volatility ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
79<\/td>\nSLBT<\/td>\nRussell 2000 Low Beta ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
80<\/td>\nSLVY<\/td>\nRussell 2000 Low Volatility ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
81<\/td>\nAGRG<\/td>\nRussell Aggressive Growth ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
82<\/td>\nCONG<\/td>\nRussell Consistent Growth ETF<\/td>\n10\/16\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
83<\/td>\nCNTR<\/td>\nRussell Contrarian ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
84<\/td>\nXHMO<\/td>\nRussell Developed ex-U.S. High Momentum<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
85<\/td>\nXLBT<\/td>\nRussell Developed ex-U.S. Low Beta ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
86<\/td>\nXLVO<\/td>\nRussell Developed ex-U.S. Low Volatility ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
87<\/td>\nEQIN<\/td>\nRussell Equity Income ETF<\/td>\n10\/16\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
88<\/td>\nGRPC<\/td>\nRussell Growth at a Reasonable Price ETF<\/td>\n10\/16\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
89<\/td>\nHDIV<\/td>\nRussell High Dividend Yield ETF<\/td>\n10\/16\/2012<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
90<\/td>\nLWPE<\/td>\nRussell Low P\/E ETF<\/td>\n10\/04\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
91<\/td>\nSGGG<\/td>\nRussell Small Cap Aggressive Growth ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
92<\/td>\nSCOG<\/td>\nRussell Small Cap Consistent Growth ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
93<\/td>\nSCTR<\/td>\nRussell Small Cap Contrarian ETF<\/td>\n10\/05\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
94<\/td>\nDIVS<\/td>\nRussell Small Cap High Dividend Yield ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
95<\/td>\nSCLP<\/td>\nRussell Small Cap Low P\/E ETF<\/td>\n10\/16\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
96<\/td>\nSCPR<\/td>\nVelocityShares 2x Inverse Copper ETN<\/td>\n12\/31\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
97<\/td>\nIPAL<\/td>\nVelocityShares 2x Inverse Palladium ETN<\/td>\n12\/28\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
98<\/td>\nLCPR<\/td>\nVelocityShares 2x Long Copper ETN<\/td>\n12\/31\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
99<\/td>\nLPAL<\/td>\nVelocityShares 2x Long Palladium ETN<\/td>\n12\/28\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n
100<\/td>\nJYF<\/td>\nWisdomTree Dreyfus Japan Yen<\/td>\n12\/03\/2012<\/td>\nYes<\/td>\n1<\/td>\n<\/tr>\n
101<\/td>\nSZR<\/td>\nWisdomTree Dreyfus S. African Rand<\/td>\n12\/03\/2012<\/td>\nYes<\/td>\n1<\/td>\n<\/tr>\n
102<\/td>\nROI<\/td>\nWisdomTree LargeCap Growth<\/td>\n12\/03\/2012<\/td>\nYes<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Notes: 1) actively managed, 2) reached planned maturity, 3) hit early termination trigger, 4) less than 6 months at time of closure announcement.\u00a0 All exchange traded notes are\u00a0identified\u00a0with \u201cETN\u201d as part of their name description.<\/p>\n

Additional resources:<\/p>\n