{"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":"
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>\nETF AND ETN CLOSURES OF 2012<\/h2>\n