ETFs On Deathwatch For The Month Of February 2011
February 6th, 2011
Fourteen new names are being added to ETF Deathwatch for February and five removed. The total list increases by nine to 152, consisting of 114 ETFs and 38 ETNs. This is only the third time in the past 20 months the total quantity has exceeded 150. The average fund on the list has just $6.8 million in assets, while being 28.8 months old. One has to wonder how much longer the sponsors can continue to operate these funds at a loss.
All new product launches are given a 6-month grace period (immunity) in which to gain traction with investors before they are considered for ETF Deathwatch. The 23 products launched in July 2010 are now eligible for inclusion, and 13 of them received that dubious honor.
We are using new ETF Deathwatch criteria for 2011, and one of the intentions is to help stabilize the constituents from month to month. It seems to be accomplishing that goal with only six changes to this month’s list not related to funds exiting the 6-month grace period.
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Barclays ETN+ S&P 500 2x Short C 2009 ETN (BXDC) was added as assets dropped to less than $4 million, even though trading activity is quite high. Five funds escaped the grip of ETF Deathwatch and were removed this month. The turmoil in Egypt helped Market Vectors Gulf States (MES) as well as Market Vectors Egypt Index ETF (EGPT) increase assets and trading. The other three funds showing enough improvement to be removed were iShares S&P Global Nuclear Energy (NUCL), PowerShares Dynamic Financials (PFI), and UBS E-TRACS CMCI Food TR ETN (FUD).
Added To ETF Deathwatch for February:
- AdvisorShares WCM/BNY Mellon Focused Growth ADR (AADR)
- Barclays ETN+ S&P 500 2x Short C 2009 ETN (BXDC)
- Direxion Daily Natural Gas Related Bear 2x (FCGS)
- Direxion Daily Retail Bear 2x (RETS)
- iShares MSCI ACWI ex US Consumer Staples (AXSL)
- iShares MSCI ACWI ex US Consumer Discretionary (AXDI)
- iShares MSCI ACWI ex US Energy (AXEN)
- iShares MSCI ACWI ex US Health Care (AXHE)
- iShares MSCI ACWI ex US Industrials (AXID)
- iShares MSCI ACWI ex US Information Technology (AXIT)
- iShares MSCI ACWI ex US Materials (AXMT)
- iShares MSCI ACWI ex US Telecom Services (AXTE)
- iShares MSCI ACWI ex US Utilities (AXUT)
- UBS E-TRACS Alerian Natural Gas MLP ETN (MLPG)
Removed from ETF Deathwatch for February:
- iShares S&P Global Nuclear Energy (NUCL)
- Market Vectors Gulf States (MES)
- Market Vectors Egypt Index ETF (EGPT)
- PowerShares Dynamic Financials (PFI)
- UBS E-TRACS CMCI Food TR ETN (FUD)
Listed below are the 152 products on ETF Deathwatch for February 2011 (sorted by name).
ETF Deathwatch for February 2011
| # | Ticker Sym | ETF Name | Age (mths) | AUM (millions) | 3-mth Avg Daily $ Volume |
|---|---|---|---|---|---|
| 1 | (AADR) | AdvisorShares WCM/BNY Mellon Foc Gr ADR | 6.5 | $8.2 | $117,049 |
| 2 | (PGD) | Barclays Asian&Gulf Currency Reval. ETN | 31.9 | $4.1 | $16,405 |
| 3 | (BXDC) | Barclays ETN+ S&P 500 2x Short C 2009 ETN | 14.6 | $3.8 | $1,058,202 |
| 4 | (BXDD) | Barclays ETN+ S&P 500 3x Short D 2009 ETN | 14.6 | $4.4 | $849,576 |
| 5 | (JEM) | Barclays GEMS Currency Index ETN | 36.5 | $3.8 | $59,434 |
| 6 | (ADRU) | BLDRS Europe 100 ADR | 100.0 | $21.8 | $82,261 |
| 7 | (GCE) | Claymore CEF Index GS Connect ETN | 38.3 | $3.5 | $80,160 |
| 8 | (ULQ) | Claymore U.S. Cap Mkts Micro-Trm Fxd Inc | 36.1 | $5.0 | $17,079 |
| 9 | (UBD) | Claymore U.S. Capital Markets Bond | 36.1 | $10.4 | $60,372 |
| 10 | (XRU) | CurrencyShares Russian Ruble Shares | 27.1 | $6.7 | $32,809 |
| 11 | (BRIS) | Direxion Daily BRIC Bear 2x | 10.9 | $2.8 | $15,591 |
| 12 | (BRIL) | Direxion Daily BRIC Bull 2x | 10.9 | $4.2 | $175,548 |
| 13 | (INDZ) | Direxion Daily India Bear 2x | 10.9 | $3.1 | $126,425 |
| 14 | (LHB) | Direxion Daily Latin America Bear 3x | 14.1 | $3.8 | $311,066 |
| 15 | (FCGS) | Direxion Daily Natural Gas Related Bear 2x | 6.7 | $2.2 | $29,969 |
| 16 | (RETS) | Direxion Daily Retail Bear 2x | 6.7 | $2.6 | $157,282 |
| 17 | (EEO) | EGS DJ Emerging Markets Energy Titans | 20.7 | $16.1 | $167,604 |
| 18 | (EFN) | EGS DJ Emerging Markets Financials Titans | 16.7 | $10.3 | $96,479 |
| 19 | (BVL) | ELEMENTS Ben Graham Large Cap Value ETN | 30.0 | $0.6 | $7,066 |
| 20 | (BSC) | ELEMENTS Ben Graham Small Cap Value ETN | 30.0 | $2.0 | $30,061 |
| 21 | (BVT) | ELEMENTS Ben Graham Total Mkt Value ETN | 30.0 | $0.9 | $7,417 |
| 22 | (GWO) | ELEMENTS CS Global Warming ETN | 34.4 | $3.5 | $17,433 |
| 23 | (DOD) | ELEMENTS Dogs of the Dow Total Return ETN | 39.3 | $2.5 | $55,340 |
| 24 | (FUE) | ELEMENTS MLCX Biofuels ETN | 36.3 | $2.8 | $128,684 |
| 25 | (WMW) | ELEMENTS Morningstar Wide Moat Focus ETN | 40.0 | $6.0 | $59,301 |
| 26 | (EEH) | ELEMENTS Spctrm LgCap US Sector Mo ETN | 42.6 | $1.1 | $1,697 |
| 27 | (FZB) | FaithShares Baptist Values Fund | 13.7 | $1.5 | $4,036 |
| 28 | (FCV) | FaithShares Catholic Values Fund | 13.9 | $3.0 | $31,168 |
| 29 | (FOC) | FaithShares Christian Values Fund | 13.9 | $3.0 | $25,246 |
| 30 | (FKL) | FaithShares Lutheran Values Fund | 13.7 | $1.4 | $6,752 |
| 31 | (FMV) | FaithShares Methodist Values Fund | 13.9 | $1.5 | $5,806 |
| 32 | (FVI) | First Trust Value Line Equity Allocation | 50.6 | $7.2 | $42,133 |
| 33 | (CHIE) | Global X China Energy ETF | 13.7 | $9.6 | $215,691 |
| 34 | (CHIB) | Global X China Technology ETF | 13.9 | $5.3 | $71,385 |
| 35 | (GVT) | Grail American Beacon Large Cap Value | 21.2 | $1.6 | $9,140 |
| 36 | (GMTB) | Grail McDonnell Core Taxable Bond ETF | 12.2 | $2.5 | $8,226 |
| 37 | (GMMB) | Grail McDonnell Intermediate Municipal Bnd | 12.2 | $2.5 | $9,756 |
| 38 | (RWG) | Grail RP Focused Large Cap Growth ETF | 16.2 | $9.6 | $53,431 |
| 39 | (RPX) | Grail RP Growth ETF | 16.2 | $4.7 | $10,884 |
| 40 | (EEN) | Guggenheim EW Euro-Pacific LDRs ETF | 47.7 | $3.1 | $19,286 |
| 41 | (XGC) | Guggenheim International Small Cap LDRs | 46.6 | $8.4 | $139,079 |
| 42 | (OTR) | Guggenheim Ocean Tomo Growth Index ETF | 46.7 | $5.6 | $65,651 |
| 43 | (OTP) | Guggenheim Ocean Tomo Patent ETF | 50.3 | $19.8 | $46,545 |
| 44 | (BHH) | HOLDRS B2B Internet ETF | 133.1 | $7.9 | $156,199 |
| 45 | (EKH) | HOLDRS Europe 2001 | 122.2 | $4.9 | $11,577 |
| 46 | (MKH) | HOLDRS Merrill Lynch Market 2000+ | 126.9 | $12.8 | $19,484 |
| 47 | (WMH) | HOLDRS Wireless | 124.8 | $16.1 | $25,884 |
| 48 | (LD) | iPath DJ-UBS Lead ETN | 31.7 | $6.6 | $104,752 |
| 49 | (ERO) | iPath EUR/USD Exchange Rate ETN | 45.4 | $6.5 | $49,156 |
| 50 | (GBB) | iPath GBP/USD Exchange Rate ETN | 45.4 | $4.8 | $142,788 |
| 51 | (GRN) | iPath Global Carbon ETN | 31.7 | $4.3 | $18,256 |
| 52 | (JYN) | iPath JPY/USD Exchange Rate ETN | 45.4 | $18.3 | $233,204 |
| 53 | (TWON) | IQ Taiwan Small Cap | 8.6 | $3.1 | $74,947 |
| 54 | (MUAE) | iShares 2016 S&P AMT-Free Muni Series | 13.0 | $15.1 | $71,390 |
| 55 | (IFEU) | iShares FTSE EPRA/NAREIT Europe | 39.0 | $9.1 | $96,001 |
| 56 | (AXDI) | iShares MSCI ACWI ex US Consumer Discr | 6.6 | $6.5 | $27,256 |
| 57 | (AXSL) | iShares MSCI ACWI ex US Consumer Staples | 6.6 | $3.0 | $51,744 |
| 58 | (AXEN) | iShares MSCI ACWI ex US Energy | 6.6 | $6.3 | $90,667 |
| 59 | (AXFN) | iShares MSCI ACWI ex US Financials | 12.5 | $2.5 | $7,039 |
| 60 | (AXHE) | iShares MSCI ACWI ex US Health Care | 6.6 | $5.6 | $24,831 |
| 61 | (AXID) | iShares MSCI ACWI ex US Industrials | 6.6 | $6.2 | $31,632 |
| 62 | (AXIT) | iShares MSCI ACWI ex US Info Technology | 6.6 | $6.2 | $52,613 |
| 63 | (AXMT) | iShares MSCI ACWI ex US Materials | 6.6 | $6.6 | $78,301 |
| 64 | (AXTE) | iShares MSCI ACWI ex US Telecom Services | 6.6 | $5.9 | $11,897 |
| 65 | (AXUT) | iShares MSCI ACWI ex US Utilities | 6.6 | $5.6 | $23,065 |
| 66 | (EMFN) | iShares MSCI Emerging Markets Financials | 12.5 | $12.1 | $88,308 |
| 67 | (EMMT) | iShares MSCI Emerging Markets Materials | 12.5 | $12.2 | $179,801 |
| 68 | (FEFN) | iShares MSCI Far East Financials Sector | 12.5 | $2.6 | $10,341 |
| 69 | (EIRL) | iShares MSCI Ireland Cap. Investable Mkt | 9.0 | $6.2 | $154,229 |
| 70 | (EUSA) | iShares MSCI USA Index Fund | 9.0 | $1.4 | $63,266 |
| 71 | (IWL) | iShares Russell Top 200 Index Fund | 16.4 | $11.8 | $20,883 |
| 72 | (TZD) | iShares S&P Target Date 2010 Index Fund | 27.3 | $4.7 | $12,989 |
| 73 | (TZE) | iShares S&P Target Date 2015 Index Fund | 27.3 | $11.3 | $92,731 |
| 74 | (TZG) | iShares S&P Target Date 2020 Index Fund | 27.3 | $11.6 | $82,372 |
| 75 | (TZI) | iShares S&P Target Date 2025 Index Fund | 27.3 | $11.8 | $67,413 |
| 76 | (TZL) | iShares S&P Target Date 2030 Index Fund | 27.3 | $10.2 | $46,813 |
| 77 | (TZO) | iShares S&P Target Date 2035 Index Fund | 27.3 | $5.1 | $27,385 |
| 78 | (TZV) | iShares S&P Target Date 2040 Index Fund | 27.3 | $12.0 | $64,945 |
| 79 | (TGR) | iShares S&P Target Date Retirement Inc. | 27.3 | $6.0 | $54,959 |
| 80 | (CRBA) | Jefferies|TR/J CRB Global Agriculture Equity | 15.4 | $10.8 | $158,282 |
| 81 | (CRBI) | Jefferies|TR/J CRB Global Ind Metals Equity | 15.4 | $4.8 | $60,992 |
| 82 | (JCO) | JETS Contrarian Opportunities | 9.9 | $12.0 | $283,337 |
| 83 | (JFT) | KEYnotes FT Enhanced 130/30 Large Cap ETN | 32.8 | $3.7 | $23,236 |
| 84 | (URR) | Market Vectors Double Long Euro ETN | 33.3 | $2.5 | $40,814 |
| 85 | (INR) | Market Vectors Indian Rupee/USD ETN | 35.0 | $5.0 | $99,815 |
| 86 | (NASI) | Pax MSCI North America ESG Index | 8.6 | $2.8 | $41,433 |
| 87 | (PQZ) | PowerShares Active Alpha Multi-Cap | 34.2 | $3.0 | $18,745 |
| 88 | (PLK) | PowerShares Active Low Duration | 34.1 | $11.4 | $114,058 |
| 89 | (PMA) | PowerShares Active Mega-Cap Portfolio | 34.1 | $3.9 | $23,000 |
| 90 | (LBND) | PowerShares DB 3x Long 25+ Treas ETN | 7.2 | $2.9 | $18,737 |
| 91 | (AGA) | PowerShares DB Agriculture Dbl Short ETN | 34.0 | $3.9 | $247,823 |
| 92 | (AGF) | PowerShares DB Agriculture Long ETN | 34.0 | $4.8 | $112,058 |
| 93 | (ADZ) | PowerShares DB Agriculture Short ETN | 34.0 | $2.2 | $55,841 |
| 94 | (BDG) | PowerShares DB Base Metals Long ETN | 32.0 | $1.7 | $39,277 |
| 95 | (BOS) | PowerShares DB Base Metals Short ETN | 31.9 | $3.0 | $48,894 |
| 96 | (DEE) | PowerShares DB Commodity Dbl Short ETN | 33.6 | $2.1 | $70,607 |
| 97 | (DPU) | PowerShares DB Commodity Long ETN | 33.6 | $6.9 | $39,216 |
| 98 | (DDP) | PowerShares DB Commodity Short ETN | 33.6 | $1.3 | $14,569 |
| 99 | (PIC) | PowerShares Dynamic Insurance | 64.1 | $15.6 | $73,670 |
| 100 | (PJM) | PowerShares Dynamic Small Cap | 50.7 | $18.0 | $99,069 |
| 101 | (PSTL) | PowerShares Global Steel Portfolio | 28.7 | $5.9 | $148,323 |
| 102 | (PTO) | PowerShares Ibbotson Alternative Completion | 32.9 | $9.4 | $51,394 |
| 103 | (PYH) | PowerShares Morningstar StockInvestor Core | 50.7 | $18.8 | $104,618 |
| 104 | (XLBS) | PowerShares S&P SmallCap Materials | 10.0 | $5.7 | $92,249 |
| 105 | (SBM) | ProShares Short Basic Materials | 10.6 | $3.8 | $36,142 |
| 106 | (EFO) | ProShares Ultra MSCI EAFE | 20.2 | $8.9 | $155,307 |
| 107 | (UPV) | ProShares Ultra MSCI Europe | 9.2 | $3.7 | $59,615 |
| 108 | (UMX) | ProShares Ultra MSCI Mexico Investable Mkt | 9.2 | $2.0 | $47,446 |
| 109 | (UXJ) | ProShares Ultra MSCI Pacific Ex-Japan | 9.2 | $3.6 | $77,637 |
| 110 | (BIB) | ProShares Ultra Nasdaq Biotechnology | 9.9 | $6.0 | $99,261 |
| 111 | (UVU) | ProShares Ultra Russell Midcap Value | 47.9 | $8.5 | $91,508 |
| 112 | (UWC) | ProShares Ultra Russell3000 | 19.3 | $8.0 | $73,004 |
| 113 | (SMDD) | ProShares UltraPro Short S&P MidCap400 | 11.8 | $2.6 | $691,173 |
| 114 | (CMD) | ProShares UltraShort DJ-UBS Commodity | 26.6 | $2.3 | $82,793 |
| 115 | (RXD) | ProShares UltraShort Healthcare | 48.7 | $4.3 | $87,592 |
| 116 | (SMK) | ProShares UltraShort MSCI Mexico | 19.7 | $2.7 | $70,717 |
| 117 | (JPX) | ProShares UltraShort MSCI Pacific ex-Japan | 19.7 | $2.8 | $149,226 |
| 118 | (BIS) | ProShares UltraShort Nasdaq Biotechnology | 9.9 | $2.5 | $21,532 |
| 119 | (SFK) | ProShares UltraShort Russell 1000 Growth | 47.9 | $5.0 | $53,959 |
| 120 | (SJF) | ProShares UltraShort Russell 1000 Value | 47.9 | $2.5 | $79,734 |
| 121 | (SDK) | ProShares UltraShort Russell Midcap Growth | 47.9 | $3.1 | $52,405 |
| 122 | (SJL) | ProShares UltraShort Russell Midcap Value | 47.9 | $2.1 | $16,246 |
| 123 | (TWQ) | ProShares UltraShort Russell3000 | 19.3 | $1.6 | $79,135 |
| 124 | (TLL) | ProShares UltraShort Telecom | 34.7 | $2.7 | $71,860 |
| 125 | (SDP) | ProShares UltraShort Utilities | 48.7 | $6.0 | $192,911 |
| 126 | (RWV) | RevenueShares Navellier Overall A-100 | 24.6 | $9.4 | $43,917 |
| 127 | (RHS) | Rydex S&P Equal Weight Cons Staples | 51.5 | $13.9 | $93,115 |
| 128 | (IBND) | SPDR Barclays International Corp Bond | 8.5 | $13.0 | $212,340 |
| 129 | (KME) | SPDR KBW Mortgage Finance ETF | 21.4 | $2.1 | $47,907 |
| 130 | (VRD) | SPDR Nuveen S&P VRDO Municipal Bond ETF | 16.5 | $9.0 | $116,744 |
| 131 | (JPP) | SPDR Russell/Nomura PRIME Japan | 51.3 | $8.3 | $51,522 |
| 132 | (IPW) | SPDR S&P International Energy | 30.7 | $15.8 | $115,797 |
| 133 | (IPF) | SPDR S&P International Financial | 30.7 | $6.2 | $37,581 |
| 134 | (IRY) | SPDR S&P International Health Care | 30.7 | $12.2 | $87,039 |
| 135 | (IPU) | SPDR S&P International Utilities | 30.7 | $8.7 | $28,733 |
| 136 | (TDD) | TDX Independence 2010 | 40.6 | $14.2 | $42,061 |
| 137 | (TDX) | TDX Independence In-Target | 40.6 | $15.7 | $57,080 |
| 138 | (MLPG) | UBS E-TRACS Alerian Natural Gas MLP ETN | 6.7 | $11.7 | $70,240 |
| 139 | (UBN) | UBS E-TRACS CMCI Energy TR ETN | 34.4 | $4.5 | $8,143 |
| 140 | (UBG) | UBS E-TRACS CMCI Gold TR ETN | 34.4 | $5.8 | $32,485 |
| 141 | (UBM) | UBS E-TRACS CMCI Industrial Metals TR ETN | 34.4 | $6.5 | $29,402 |
| 142 | (UBC) | UBS E-TRACS CMCI Livestock TR ETN | 34.4 | $9.6 | $13,201 |
| 143 | (PTD) | UBS E-TRACS CMCI Short Platinum ER ETN | 33.2 | $4.5 | $3,425 |
| 144 | (USV) | UBS E-TRACS CMCI Silver TR ETN | 34.4 | $6.4 | $132,716 |
| 145 | (SPGH) | UBS E-TRACS S&P 500 Gold Hedged Idx ETN | 12.3 | $14.5 | $17,381 |
| 146 | (WXSP) | Wilshire 4500 Completion ETF (Guggenheim) | 10.9 | $6.0 | $28,236 |
| 147 | (WFVK) | Wilshire 5000 Total Market ETF (Guggenheim) | 10.9 | $2.9 | $31,805 |
| 148 | (WREI) | Wilshire US REIT ETF (Guggenheim) | 10.9 | $11.0 | $131,846 |
| 149 | (EU) | WisdomTree Dreyfus Euro | 33.1 | $9.4 | $46,496 |
| 150 | (JYF) | WisdomTree Dreyfus Japan Yen | 32.8 | $12.8 | $32,131 |
| 151 | (EZY) | WisdomTree Large Cap Value | 47.9 | $24.6 | $116,843 |
| 152 | (ROI) | WisdomTree LargeCap Growth | 26.3 | $24.4 | $87,744 |
Data sources: AUM from National Stock Exchange, daily prices and volume of individual ETPs from Norgate Premium Data, and all other information compiled by Invest With An Edge.
Past issues of ETF Deathwatch are available here.
Written By Ron Rowland From Invest With An Edge No positions in any of the securities mentioned.
Ron Rowland is the founder of Invest With An Edge and serves as the Executive Editor. He is also editor of AllStarInvestor.com and Chief Investment Officer of Capital Cities Asset Management (www.ccam.com). Quoted widely in the financial media, Ron is the industry go-to guy for sector rotation insight and investment strategies using ETFs and mutual funds.
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