From the category archives:

Closed ETFs

There is no denying that the ETF industry has certainly come a long way since SPY’s debut in 1993. With over 1,500 products to choose from, the possibilities are essentially endless for investors, as the low-cost and efficient ETF wrapper allows investors to tap into nearly every corner of the investable universe [see Foreign ETFs: How Other Countries Stack Up]. [click to continue…]

{ Comments on this entry are closed }

This week, investors saw the Dow Jones Industrial Average break the 16,000 mark during intraday trading. Despite the record, Wall Street shifted its focus to the Fed as the latest FOMC minutes were released and Janet Yellen took one step closer to becoming  the next central bank leader. In the minutes, policy makers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months.” Meanwhile, the Senate Banking Committee voted to approve Yellen’s nomination, sending her name to the full Senate for a final confirmation vote [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. [click to continue…]

{ Comments on this entry are closed }

Invesco PowerShares announced in December that its board had approved the shuttering of thirteen exchange-traded portfolios near the end of February, including a number of energy funds, bond funds and equity portfolios. The move comes as the Chicago firm is looking to weed out some of its least productive ETFs and, unlike some other issuers, losing thirteen […]

{ Comments on this entry are closed }

No one can argue just how far the ETF industry has come since the debut of the first ever exchange-traded fund in 1993. The investment landscape now boasts a lineup of nearly 1,500 offerings, allowing investors to gain cheap and easy access to nearly every corner of the investable universe. From the plain-vanilla funds to […]

{ Comments on this entry are closed }

The ETF industry continues to steam ahead with February showing high levels of activity on the product development front. After a busy January, this month also saw the debut of a number of first-to-market products as well as several long-anticipated funds from both large and small issuers, making the total count for new launches in […]

{ Comments on this entry are closed }

Guggenheim announced this week that its board had approved the shuttering of eight exchange-traded products, including six ETFs and two members of the CurrencyShares suite of grantor trusts that offer exposure to exchange rate fluctuations. The move comes as Guggenheim is integrating the Rydex lineup of ETFs and moving to sharpen the focus of its […]

{ Comments on this entry are closed }

The coming of the new year hasn’t slowed down the rapid pace of the ETF industry, with December showing high levels of activity on the product development front. December saw the debut of a number of first-to-market products as well several new and intriguing investment strategies. ETF issuers did not slow down the pace as a […]

{ Comments on this entry are closed }

Global X, the relatively new ETF issuer that has already gathered more than $1 billion in assets, announced that it will close eight of its ETFs in the first quarter of 2012. Each of the ETFs to be closed has struggled to build assets during relatively short times on the market; they all launched at […]

{ Comments on this entry are closed }

The universe of U.S.-listed ETFs has expanded at a record pace in 2011, with more than 300 new products beginning to trade. This year has also seen some contraction, as a number of different issuers have shuttered products that failed to generate interest from investors. IndexIQ is the latest to pare its lineup, as the […]

{ Comments on this entry are closed }

Heading into 2011, many observers of the ETF industry were warning that this year could see a wave of fund closures, as ETFs that were failing to generate positive cash flow for the institutions behind them could be shuttered. That wave of contraction has yet to really play out, as only a handful of ETFs […]

{ Comments on this entry are closed }

Direxion, the company best known for its suite of leveraged and inverse ETFs, began the process of shutting down one of its few non-leveraged funds, the Airlines Shares ETF (FLYX) earlier this week, citing a lack of assets as the main culprit for the fund’s demise. The fund stopped trading on October 10th and over the […]

{ Comments on this entry are closed }

Javelin announced on Tuesday that the last day for trading in its JETS Contrarian Opportunities Index Fund (JCO) will be September 29, citing a failure to attract sufficient assets and investor interest as the cause for the termination of the company’s only ETF. “With many investors looking for new investing tools, we believe that contrarian […]

{ Comments on this entry are closed }