ETF Death Toll Climbs To 113: On Pace To Set Another Record For Closures In 2009

Share This Article
May 23, 2009 1:47pm ETF BASIC NEWS

closedMay 18 was the last trading day for 19 ETFs from PowerShares. If you did not sell your shares by the deadline, you now get to experience the ETF liquidation process first-hand


. Final distribution amounts will be determined at today’s close. However, PowerShares stated on May 1 that the funds would begin selling individual securities immediately, so the holdings may no longer resemble the indexes they previously tracked.

These closures bring the lifetime death toll for exchange-traded products to 113, consisting of 100 ETFs, 11 ETNs, and two MacroShares. There have been 45 closures so far in 2009, and the current pace is on target to set another annual record. Our last update was in February after the closure of the 17 NETS brand ETFs. Since that time, we have also seen the delisting of all six SPA ETFs and three ETNs from Elements.

Full Story:  http://seekingalpha.com/article/139228-etf-death-toll-climbs-to-113-on-pace-to-set-another-record-for-closures-in-2009


9 "MUST OWN" Growth Stocks For 2021

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories