ETFs On DeathWatch For The Month Of November 2010

The number of exchange-traded products (ETPs) on ETF Deathwatch jumped to 154 (120 ETFs and 34 ETNs), the highest level in 18 months.  Product sponsors delisted and closed six ETFs in September and another six in October.  Despite the recent closures, this month’s list is four more than last month.

Five of the October closures were from Old Mutual GlobalShares as the firm decided to exit the U.S. ETF market completely.  Marketing efforts like a zero fee teaser and 5:1 split failed to attract assets.  The remaining October closure was JETS Dow Jones Islamic Market International Index Fund (former ticker JVS).

UBS E-TRACS CMCI Short Platinum Excess Return Index ETN (PTD) traded on only three days in October and tops our list this month by averaging just $707 (24 shares) per day in trading activity.  ELEMENTS Ben Graham Total Market Value ETN (BVT) was close behind with an average dollar volume of $882.

I’m not sure how much longer FaithShares can keep the faith.  Launched less than a year ago, FaithShares currently have about $11.2 million split across five funds.  This is even less than the $13.1 million they had shortly after their December 2009 launch.

I give all new products a six-month grace period before they can go on Deathwatch because even great products need some time to gain traction.  The 25 new products launched in April 2010 became eligible for the first time this month.  Sixteen attracted enough activity to stay off the list, but the other seven are part of this month’s ETF Deathwatch.

PowerShares previously announced the closure of ten ETFs with the last day of trading scheduled for December 14.  I expect some additional closures before year-end.

Listed below are the 154 products on ETF Deathwatch for October that are at least six months old and failed to generate at least $100,000 in average daily dollar volume last month.

ETF Deathwatch for November 2010

Death watch Rank Ticker Sym ETF Name Age (mths) ADV ADV$
1 (PTD) UBS E-TRACS CMCI Short Platinum ER ETN 30 24 $707
2 (BVT) ELEMENTS Ben Graham Total Mkt Value ETN 27 76 $882
3 (FKL) FaithShares Lutheran Values Fund 11 81 $2,172
4 (UBN) UBS E-TRACS CMCI Energy TR ETN 31 171 $2,432
5 (TWOL) Direxion Daily 2-Year Treasury Bull 3x 8 62 $2,573
6 (FZB) FaithShares Baptist Values Fund 11 100 $2,743
7 (EEH) ELEMENTS Spctrm LgCap US Sector Mo ETN 40 333 $2,896
8 (PQSC) PowerShares FTSE Nasdaq Small Cap 31 157 $3,895
9 (AXFN) iShares MSCI ACWI ex US Financials 9 157 $3,897
10 (BVL) ELEMENTS Ben Graham Large Cap Value ETN 27 367 $3,914
11 (EKH) HOLDRS Europe 2001 119 71 $4,359
12 (FOC) FaithShares Christian Values Fund 11 167 $4,622
13 (EEN) Guggenheim EW Euro-Pacific LDRs ETF 45 248 $4,754
14 (WMH) HOLDRS Wireless 122 114 $5,016
15 (UBC) UBS E-TRACS CMCI Livestock TR ETN 31 257 $5,198
16 (FMV) FaithShares Methodist Values Fund 11 190 $5,294
17 (BRIS) Direxion Daily BRIC Bear 2x 8 205 $5,889
18 (GWO) ELEMENTS CS Global Warming ETN 31 1,081 $6,991
19 (PMA) PowerShares Active Mega-Cap Portfolio 31 314 $7,326
20 (KME) SPDR KBW Mortgage Finance ETF 18 195 $7,747
21 (MKH) HOLDRS Merrill Lynch Market 2000+ 124 176 $8,602
22 (PGD) Barclays Asian&Gulf Currency Reval. ETN 29 171 $8,729
23 (GMMB) Grail McDonnell Intermediate Municipal Bnd 9 176 $9,122
24 (BSC) ELEMENTS Ben Graham Small Cap Value ETN 27 814 $9,849
25 (FCV) FaithShares Catholic Values Fund 11 357 $10,010
26 (UMX) ProShares Ultra MSCI Mexico Investable Mkt 6 310 $10,050
27 (JPX) ProShares UltraShort MSCI Pacific ex-Japan 17 895 $11,091
28 (WFVK) Wilshire 5000 Total Market ETF (Guggenheim) 8 448 $11,730
29 (GVT) Grail American Beacon Large Cap Value 18 371 $12,323
30 (SPGH) UBS E-TRACS S&P 500 Gold Hedged Idx ETN 9 386 $12,890
31 (JFT) KEYnotes FT Enhanced 130/30 Large Cap ETN 30 395 $12,929
32 (BDG) PowerShares DB Base Metals Long ETN 29 548 $13,206
33 (XLBS) PowerShares S&P SmallCap Materials 7 557 $13,802
34 (FEFN) iShares MSCI Far East Financials Sector 9 548 $13,931
35 (PSTL) PowerShares Global Steel Portfolio 26 657 $14,329
36 (JYN) iPath JPY/USD Exchange Rate ETN 42 200 $14,490
37 (JEM) Barclays GEMS Currency Index ETN 33 324 $15,026
38 (TZD) iShares S&P Target Date 2010 Index Fund 24 543 $16,678
39 (GMTB) Grail McDonnell Core Taxable Bond ETF 9 324 $16,860
40 (DPU) PowerShares DB Commodity Long ETN 31 1,043 $17,057
41 (RWG) Grail RP Focused Large Cap Growth ETF 13 600 $17,212
42 (JYF) WisdomTree Dreyfus Japan Yen 30 543 $17,344
43 (TWQ) ProShares UltraShort Russell3000 16 886 $17,423
44 (XRU) CurrencyShares Russian Ruble Shares 24 538 $17,585
45 (TZE) iShares S&P Target Date 2015 Index Fund 24 571 $17,902
46 (TZL) iShares S&P Target Date 2030 Index Fund 24 590 $19,083
47 (TZO) iShares S&P Target Date 2035 Index Fund 24 619 $20,053
48 (GCE) Claymore CEF Index GS Connect ETN 35 1,210 $20,849
49 (WXSP) Wilshire 4500 Completion ETF (Guggenheim) 8 810 $21,702
50 (GRN) iPath Global Carbon ETN 29 810 $22,530
51 (PTRP) PowerShares Global Progressive Transport. 26 810 $23,502
52 (PBTQ) PowerShares Global Biotech Portfolio 26 1,143 $29,132
53 (RPX) Grail RP Growth ETF 13 1,043 $30,059
54 (ULQ) Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 33 610 $30,342
55 (UBM) UBS E-TRACS CMCI Industrial Metals TR ETN 31 1,362 $30,923
56 (OTP) Guggenheim Ocean Tomo Patent ETF 47 1,290 $30,979
57 (PIC) PowerShares Dynamic Insurance 61 2,095 $32,873
58 (CRBI) Jefferies|TR/J CRB Global Ind Metals Equity 12 795 $33,801
59 (UBD) Claymore U.S. Capital Markets Bond 33 652 $35,035
60 (WMCR) Wilshire Micro-Cap ETF (Guggenheim) 50 2,110 $35,134
61 (PZJ) PowerShares Zacks Small Cap 57 1,843 $36,809
62 (UBG) UBS E-TRACS CMCI Gold TR ETN 31 1,014 $36,879
63 (PQBW) PowerShares Nasdaq 100 Buy/Write 29 1,833 $40,423
64 (TDV) TDX Independence 2040 38 2,158 $40,952
65 (SJL) ProShares UltraShort Russell Midcap Value 45 2,395 $42,178
66 (PTO) PowerShares Ibbotson Alternative Completion 30 3,671 $42,350
67 (BOS) PowerShares DB Base Metals Short ETN 29 2,119 $42,657
68 (IRY) SPDR S&P International Health Care 28 1,414 $42,955
69 (ERO) iPath EUR/USD Exchange Rate ETN 42 814 $43,847
70 (FUE) ELEMENTS MLCX Biofuels ETN 33 4,195 $44,072
71 (TZI) iShares S&P Target Date 2025 Index Fund 24 1,390 $44,640
72 (MUAE) iShares 2016 S&P AMT-Free Muni Series 10 857 $44,813
73 (XLIS) PowerShares S&P SmallCap Industrials 7 1,757 $45,136
74 (MUAC) iShares 2014 S&P AMT-Free Muni Series 10 881 $45,334
75 (PLK) PowerShares Active Low Duration 31 1,776 $45,402
76 (CHIB) Global X China Technology ETF 11 2,781 $46,600
77 (CMD) ProShares UltraShort DJ-UBS Commodity 24 3,767 $47,131
78 (TDX) TDX Independence In-Target 38 1,845 $47,364
79 (WMW) ELEMENTS Morningstar Wide Moat Focus ETN 37 4,448 $47,867
80 (MES) Market Vectors Gulf States 28 2,148 $49,100
81 (SBM) ProShares Short Basic Materials 8 1,143 $50,561
82 (DOD) ELEMENTS Dogs of the Dow Total Return ETN 36 6,343 $50,763
83 (MUAB) iShares 2013 S&P AMT-Free Muni Series 10 1,000 $51,218
84 (EZY) WisdomTree Large Cap Value 45 1,424 $51,529
85 (IFEU) iShares FTSE EPRA/NAREIT Europe 36 1,629 $51,731
86 (TDD) TDX Independence 2010 38 2,181 $51,911
87 (PWO) PowerShares Dynamic OTC 91 1,157 $52,054
88 (RHS) Rydex S&P Equal Weight Cons Staples 48 962 $52,851
89 (VRD) SPDR Nuveen S&P VRDO Municipal Bond ETF 13 1,767 $52,863
90 (BIB) ProShares Ultra Nasdaq Biotechnology 7 1,029 $54,944
91 (DDP) PowerShares DB Commodity Short ETN 31 1,548 $55,236
92 (ROI) WisdomTree LargeCap Growth 23 1,610 $55,360
93 (AGF) PowerShares DB Agriculture Long ETN 31 2,990 $55,535
94 (UPV) ProShares Ultra MSCI Europe 6 1,662 $55,746
95 (CRBA) Jefferies|TR/J CRB Global Agriculture Equity 12 1,205 $56,438
96 (PFI) PowerShares Dynamic Financials 49 3,252 $57,148
97 (PQY) PowerShares Active AlphaQ 31 2,252 $58,623
98 (URR) Market Vectors Double Long Euro ETN 30 1,952 $60,648
99 (PJO) PowerShares FTSE RAFI Japan 41 1,629 $61,726
100 (PJM) PowerShares Dynamic Small Cap 48 3,152 $63,653
101 (PYH) PowerShares Morningstar StockInvestor Core 48 3,381 $64,026
102 (EZJ) ProShares Ultra MSCI Japan 17 962 $64,135
103 (TDN) TDX Independence 2030 38 3,260 $64,353
104 (TENZ) PIMCO 7-15 Year U.S. Treasury 14 790 $65,224
105 (SFK) ProShares UltraShort Russell 1000 Growth 45 2,357 $65,248
106 (EGPT) Market Vectors Egypt Index ETF 9 3,405 $65,716
107 (XGC) Guggenheim International Small Cap LDRs 44 2,978 $70,332
108 (EVX) Market Vectors Environmental Services 49 1,529 $72,319
109 (USV) UBS E-TRACS CMCI Silver TR ETN 31 2,176 $73,104
110 (IPU) SPDR S&P International Utilities 28 3,581 $74,247
111 (TLL) ProShares UltraShort Telecom 32 7,366 $76,326
112 (SDP) ProShares UltraShort Utilities 46 4,562 $76,582
113 (XLFS) PowerShares S&P SmallCap Financials 7 3,095 $77,260
114 (PFA) PowerShares Dynamic Dev Intl Opps 41 4,614 $78,101
115 (EU) WisdomTree Dreyfus Euro 30 3,552 $79,698
116 (UXJ) ProShares Ultra MSCI Pacific Ex-Japan 6 2,314 $79,878
117 (MUAA) iShares 2012 S&P AMT-Free Muni Series 10 1,571 $80,010
118 (SDK) ProShares UltraShort Russell Midcap Growth 45 4,348 $80,102
119 (INY) SPDR Nuveen Barclays New York Muni Bond 37 3,505 $81,217
120 (ELR) SPDR Dow Jones Large Cap 60 1,481 $81,437
121 (EEO) EGS DJ Emerging Markets Energy Titans 18 3,252 $82,741
122 (YXI) ProShares Short FTSE/Xinhua China 8 1,938 $82,929
123 (TWOZ) Direxion Daily 2-Year Treasury Bear 3x 8 2,210 $83,727
124 (RZG) Rydex S&P SmallCap 600 Pure Growth 57 1,986 $84,403
125 (PWT) PowerShares Dynamic Small Cap Growth 69 5,981 $84,659
126 (INR) Market Vectors Indian Rupee/USD ETN 32 2,086 $84,697
127 (ADZ) PowerShares DB Agriculture Short ETN 31 2,924 $85,004
128 (FUD) UBS E-TRACS CMCI Food TR ETN 31 3,390 $85,850
129 (ADRU) BLDRS Europe 100 ADR 97 4,171 $86,896
130 (WREI) Wilshire US REIT ETF (Guggenheim) 8 2,995 $87,516
131 (DJCI) UBS E-TRACS DJ-UBS Commodity TR ETN 12 3,209 $88,389
132 (SMK) ProShares UltraShort MSCI Mexico 17 5,290 $89,344
133 (NUCL) iShares S&P Global Nuclear Energy 29 2,214 $90,454
134 (EFN) EGS DJ Emerging Markets Financials Titans 14 3,433 $91,831
135 (GBB) iPath GBP/USD Exchange Rate ETN 42 2,167 $92,464
136 (PMNA) PowerShares MENA Frontier Countries 28 6,824 $93,157
137 (IPK) SPDR S&P International Technology 28 3,702 $93,365
138 (RXD) ProShares UltraShort Healthcare 46 3,000 $93,485
139 (DENT) AdvisorShares Dent Tactical ETF 14 4,629 $93,934
140 (PJB) PowerShares Dynamic Banking 49 7,990 $94,672
141 (FIVZ) PIMCO 3-7 Year U.S. Treasury Index ETF 12 1,186 $95,266
142 (FDV) First Trust Strategic Value 52 4,429 $95,584
143 (PWP) PowerShares Dynamic Mid Cap Value 69 6,362 $95,708
144 (TDH) TDX Independence 2020 38 4,326 $95,717
145 (FVI) First Trust Value Line Equity Allocation 48 5,010 $95,718
146 (CHIE) Global X China Energy ETF 11 5,986 $96,073
147 (FEU) SPDR STOXX Europe 50 ETF 98 2,800 $96,338
148 (PRB) Market Vectors Pre-Refunded Municipal 21 3,852 $97,511
149 (YCL) ProShares Ultra Yen 24 2,976 $97,889
150 (SZO) PowerShares DB Crude Oil Short ETN 29 2,024 $98,585
151 (CLY) iShares 10+ Year Credit Bond Fund 11 1,800 $98,606
152 (UVU) ProShares Ultra Russell Midcap Value 45 3,257 $99,170
153 (SMMU) PIMCO Short Term Municipal Bond Strategy 9 1,971 $99,555
154 (MUAF) iShares 2017 S&P AMT-Free Muni Series 10 1,876 $99,784

 

Past issues of ETF Deathwatch are available here.

Written By Ron Rowland From Invest With An Edge

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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