From the category archives:

Closed ETFs

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 slew of new filings continued to pile in up until the end 2011 [for updates on all new ETFs, sign up for the free ETFdb newsletter]:

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ETF Closures Continue: Global X To Shutter Eight Funds

by Michael Johnston on December 22, 2011

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 some point during 2011, and most will be less than a year old when they close their doors for good. The ETFs to be closed include:  [click to continue…]

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ETF Shakeups: Three Small Cap Funds To Close, VT To Get Small Cap Extension

by Michael Johnston on December 21, 2011

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 [...]

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Two Commodity Producer ETFs To Liquidate

by Michael Johnston on December 14, 2011

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 [...]

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FLYX Permanently Grounded: Direxion Shuts Down Airline ETF

by Eric Dutram on October 11, 2011

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 [...]

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Javelin To Shut Down Contrarian ETF (JCO)

by Michael Johnston on September 14, 2011

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 [...]

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Another ETN Bites The Dust: Barclays To Redeem IVO

by Michael Johnston on September 13, 2011

Trading in the iPath Inverse January 2021 S&P 500 VIX Short-Term Futures ETN (IVO) was suspended on Monday after the note’s indicative value hit the automatic termination level of $10.00 per share. IVO, which offers inverse exposure to an index comprised of VIX futures contracts, tumbled in Monday morning trading as anxiety over the Greek [...]

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Van Eck Plans European High Yield Debt ETF

by Michael Johnston on August 29, 2011

Van Eck, one of the pioneers of ETFs offering exposure to international bond markets, has laid the groundwork for what would be yet another first-of-its-kind fixed income fund. In a recent SEC filing, the company detailed plans for the Market Vectors European Currency High Yield Bond ETF, a fund that would offer exposure to junk [...]

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ETF Shakeup: HOLDRS Headed For Extinction, ELEMENTS To Follow?

by Michael Johnston on August 24, 2011

The competitive landscape of the ETF industry has evolved rapidly over the last several years, with several new players–both big and small–making a push into the space. From financial giants such as RBS and Citi to relative unknowns such as Javelin and Precidian, the roster of active ETF issuers has grown to nearly four dozen. [...]

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July ETF Roundup: Launches, Filings, and Closures

by Jared Cummans on August 1, 2011

July was another hectic month for equities, as the world struggled to deal with numerous debt crises that put downward pressure on global markets. In our first full month off of the quantitative easing program, rumors have already sprung up that a QE3 may be in store, as markets have failed to establish a strong [...]

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WisdomTree Stuffs New Ideas Into ETF Pipeline

by Michael Johnston on July 11, 2011

The past few weeks have been a relatively slow stretch for the ETF industry–at least in terms of product development. Since EGShares rolled out a suite of sector-specific emerging markets ETFs on June 23, only two new products have hit the market: the S&P 500 Crude Oil Linked ETN (BARL) from Morgan Stanley and the [...]

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VZZ Bites The Dust: VIX Plunge Triggers Automatic Redemption

by Michael Johnston on July 5, 2011

For the second time this year, an exchange-traded note will be redeemed by the issuing institution after the intraday indicative value declined to less than $10. According to a press release from Barclays, VZZ’s IIV dipped below the $10 level shortly before noon ET on Friday; the actual redemption date will occur on the fifth [...]

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