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Exchange traded product launches numbered 158 in 2013, a quantity not very impressive given that six of the past seven years produced higher counts. Additionally, closures totaled 67 for the year, leaving a net increase of only 91. This was on a base of 1,445 active listings at the end of 2012, which results in just a 6.3% increase to 1,536 at the end of 2013. However, a truer indication of the health of the industry is assets under management, and they increased by a hefty 25.2% to $1.7 trillion.

We separate ETPs into nine major groups, and based on these divisions, bond ETFs were the most popular type of product introductions in 2013. The 39 new bond funds accounted for nearly a quarter (24.7%) of the year’s 158 launches. This might seem illogical given the fact that bonds struggled in 2013, but the asset class was under-represented in prior years. Funds targeting global and international equities were the next most popular group with 37 introductions. This is the second year in a row with no new ETPs targeting volatility.

Quantities by broad categories for the 158 launches of 2013:

  • 39 Bond
  • 37 Global & International
  • 34 Style & Strategy
  • 24 Sector
  • 10 Leveraged
  • 6 Commodity
  • 5 Inverse
  • 3 Currency
  • 0 Volatility

Looking at the data from a different perspective helps identify other industry trends. The most notable new trend in 2013 was the 25 new ETPs employing some type of hedging, as opposed to being long-only or short-only funds. Hedging techniques varied widely with seven bond funds hedging interest rates by shorting Treasury securities, seven international funds hedging currency exposure, six using covered calls to mitigate drawdowns and improve income, and others hedging with volatility and more traditional long/short exposures.

New launches with unique features:

  • 25 Hedged
  • 19 Actively Managed
  • 21 Dividend (including MLP ETPs)
  • 5 MLP
  • 2 Fund-of-Funds
  • 2 C-Corporations

(click to enlarge)

Nineteen ETFs fitting the actively managed description were introduced in 2013. This is a significant increase for the category, representing 26.8% of the 71 actively managed ETFs currently listed. Dividend funds are still quite popular, with 21 new ETPs in that category (including five MLP products). Only two of the launches were ETFs that invest in other ETFs, or what are more commonly known as fund-of-funds. Two of the new products are not structured as traditional mutual fund pass-through vehicles. Instead, they are C-Corporations, which means the funds themselves are liable for federal and state income taxes, which can dramatically impact their performance.

BlackRock was again the most prolific issuer, bringing out 21 new products under the iShares brand. Other notable sponsors with double-digit launches include WisdomTree with 15 and Fidelity with 10.

The table below lists all 158 new products sorted by name (the interactive table has other sort options). The IPO date is the first day the product was listed and available for purchase. The “first trade” may be a later date in some cases, as a few products do not have any first-day volume. Additionally, the “inception date” used by many ETFs and data providers is a meaningless date in our opinion as it is often a day or more before it actually becomes listed and available for purchase.

New ETFs and ETNs in 2013

# Ticker Name Category IPO Date Notes
1 HDGI AdvisorShares Athena International Bear ETF Inverse 07/19/2013 1
2 MINC AdvisorShares Newfleet Multi-Sector Income Bond 03/20/2013 1
3 ENFR Alerian Energy Infrastructure ETF Sector 11/01/2013
4 IDOG ALPS International Sector Dividend Dogs Global/Intl 06/28/2013 5
5 HVPW ALPS U.S. Equity High Volatility Put Write Style/Strat 02/28/2013 4
6 FIGY Barclays ETN+ FI Enh Global High Yield ETN Leveraged 05/22/2013
7 FEEU Barclays ETN+ FI Enhanced Europe 50 ETN Leveraged 05/23/2013
8 ATMP Barclays ETN+ Select MLP ETN Sector 03/13/2013 5
9 BFOR Barron’s 400 ETF Style/Strat 06/04/2013
10 FYLD Cambria Foreign Shareholder Yield ETF Global/Intl 12/03/2013 5
11 SYLD Cambria Shareholder Yield ETF Style/Strat 05/14/2013 1,5
12 CSCB Credit Suisse Commodity Benchmark ETN Commodity 06/12/2013
13 CSCR Credit Suisse Commodity Rotation ETN Commodity 06/12/2013
14 FIBG Credit Suisse FI Enhanced Big Cap Gr ETN Leveraged 10/18/2013
15 FIEU Credit Suisse FI Enhanced Europe 50 ETN Inverse 09/06/2013
16 FIEG Credit Suisse FI Enhanced Global HY ETN Leveraged 10/08/2013
17 GLDI Credit Suisse Gold Shares Covered Call ETN Commodity 01/29/2013 4
18 SLVO Credit Suisse Silver Shares Covered Call ETN Commodity 04/17/2013 4
19 MLPC C-Tracks Miller/Howard MLP Fundmntl ETN Sector 09/26/2013 5
20 FXSG CurrencyShares Singapore Dollar Trust Currency 02/13/2013
21 ASHR db X-trackers Harvest CSI 300 China A-Shrs Global/Intl 11/06/2013
22 DBAP db X-Trackers MSCI AC AP ex Japan Hedged Global/Intl 10/01/2013 4
23 DBEU db X-Trackers MSCI Europe Hedged Equity Global/Intl 10/01/2013 4
24 DBUK db X-Trackers MSCI UK Hedged Equity Global/Intl 10/01/2013 4
25 RVNU db X-trackers Muni Infrastructure Revenue Bd Bond 06/04/2013
26 UTLT db X-trackers Regulated Utilities Fund Sector 06/04/2013
27 BRZS Direxion Daily Brazil Bear 3x Shares Inverse 05/01/2013
28 BRZU Direxion Daily Brazil Bull 3X Shares Leveraged 04/10/2013
29 JPNS Direxion Daily Japan Bear 3x Shares Leveraged 06/26/2013
30 JPNL Direxion Daily Japan Bull 3x Shares Inverse 06/26/2013
31 JDST Direxion Daily Junior Gold Miners Bear 3x Inverse 10/03/2013
32 JNUG Direxion Daily Junior Gold Miners Bull 3x Leveraged 10/03/2013
33 KORZ Direxion Daily South Korea Bear 3x Shares Inverse 05/01/2013
34 KORU Direxion Daily South Korea Bull 3X Shares Leveraged 04/10/2013
35 EMHD EGShares EM Dividend High Income ETF Global/Intl 08/13/2013 5
36 EMDG EGShares Emerging Markets Dividend Growth Global/Intl 07/01/2013 5
37 DVHI ETRACS Diversified High Income ETN Style/Strat 09/19/2013
38 CEFL ETRACS Monthly Pay 2xLeveraged CEF ETN Leveraged 12/11/2013
39 DVHL ETRACS Mth Pay 2x Diversified High In ETN Leveraged 11/13/2013
40 FDIS Fidelity MSCI Consumer Discretionary Sector 10/24/2013
41 FSTA Fidelity MSCI Consumer Staples Sector 10/24/2013
42 FENY Fidelity MSCI Energy Sector 10/24/2013
43 FNCL Fidelity MSCI Financials Sector 10/24/2013
44 FHLC Fidelity MSCI Health Care Sector 10/24/2013
45 FIDU Fidelity MSCI Industrials Sector 10/24/2013
46 FTEC Fidelity MSCI Information Technology Sector 10/24/2013
47 FMAT Fidelity MSCI Materials Sector 10/24/2013
48 FCOM Fidelity MSCI Telecommunication Services Sector 10/24/2013
49 FUTY Fidelity MSCI Utilities Sector 10/24/2013
50 FTGC First Trust Global Tactical Commodity Strat Commodity 10/23/2013 1
51 HYLS First Trust High Yield Long/Short Style/Strat 02/27/2013 1,4
52 YDIV First Trust Intl Multi-Asset Diversified Income Global/Intl 08/23/2013
53 FMF First Trust Morningstar Managed Futures Str Style/Strat 08/02/2013 1,4
54 FPE First Trust Preferred Securities and Income Style/Strat 02/12/2013 1
55 FTSL First Trust Senior Loan ETF Bond 05/02/2013 1
56 GQRE FlexShares Global Quality Real Estate Sector 11/06/2013
57 IQDF FlexShares Intl Quality Dividend Global/Intl 04/16/2013 5
58 IQDE FlexShares Intl Quality Dividend Defensive Global/Intl 04/16/2013 5
59 IQDY FlexShares Intl Quality Dividend Dynamic Global/Intl 04/16/2013 5
60 NFRA FlexShares STOXX Global Broad Infrastructure Global/Intl 10/09/2013
61 FLAG Forensic Accounting ETF Style/Strat 01/31/2013
62 FTSD Franklin Short Duration U.S. Government ETF Bond 11/05/2013 1
63 AZIA Global X Central Asia & Mongolia Index ETF Global/Intl 04/03/2013
64 PGAL Global X FTSE Portugal 20 ETF Global/Intl 11/13/2013
65 MLPJ Global X Junior MLP ETF (C-corp) Sector 01/15/2013 3,5
66 MLPX Global X MLP & Energy Infrastructure ETF Sector 08/07/2013
67 EMFM Global X Next Emerging & Frontier ETF Global/Intl 11/07/2013
68 NGE Global X Nigeria Index ETF Global/Intl 04/03/2013
69 DIV Global X SuperDividend U.S. ETF Style/Strat 03/12/2013 5
70 BSJJ Guggenheim BulletShares 2019 HY Bond Bond 09/24/2013
71 BSJK Guggenheim BulletShares 2020 HY Bond Bond 09/24/2013
72 BSCL Guggenheim BulletShares 2021 Corp Bond Bond 07/17/2013
73 BSCM Guggenheim BulletShares 2022 Corp Bond Bond 07/17/2013
74 HSPX Horizons S&P 500 Covered Call Style/Strat 06/24/2013 4
75 HFIN Horizons S&P Financial Sel Sec Covered Call Sector 11/14/2013 4
76 IMLP iPath S&P MLP ETN Sector 01/04/2013 5
77 SHYG iShares 0-5 Year High Yield Corporate Bond Bond 10/17/2013
78 SLQD iShares 0-5 Year Investment Grade Corp Bond Bond 10/17/2013
79 MUAG iShares 2018 AMT-Free Muni Term Bond 03/21/2013
80 CMDT iShares Dow Jones-UBS Roll Select Commdty Commodity 08/09/2013
81 IELG iShares Enhanced U.S. Large-Cap ETF Style/Strat 04/18/2013 1
82 IESM iShares Enhanced U.S. Small-Cap ETF Style/Strat 04/18/2013 1
83 ICSH iShares Liquidity Income ETF Bond 12/13/2013 1
84 ICOL iShares MSCI Colombia Capped Global/Intl 06/20/2013
85 MTUM iShares MSCI USA Momentum Factor ETF Style/Strat 04/18/2013
86 QUAL iShares MSCI USA Quality Factor ETF Style/Strat 07/18/2013
87 SIZE iShares MSCI USA Size Factor ETF Style/Strat 04/18/2013
88 VLUE iShares MSCI USA Value Factor ETF Style/Strat 04/18/2013
89 NEAR iShares Short Maturity Bond ETF Bond 09/26/2013 1
90 IBCB iSharesBond 2016 Corp ex-Financials Term Bond 04/19/2013
91 IBDA iSharesBond 2016 Corporate Term ETF Bond 07/10/2013
92 IBCC iSharesBond 2018 Corp ex-Financials Term Bond 04/19/2013
93 IBDB iSharesBond 2018 Corporate Term ETF Bond 07/10/2013
94 IBCD iSharesBond 2020 Corp ex-Financials Term Bond 04/19/2013
95 IBDC iSharesBond 2020 Corporate Term ETF Bond 07/10/2013
96 IBCE iSharesBond 2023 Corp ex-Financials Term Bond 04/19/2013
97 IBDD iSharesBond 2023 Corporate Term ETF Bond 07/10/2013
98 KFYP KraneShares CSI China Five Year Plan ETF Global/Intl 07/23/2013
99 KWEB KraneShares CSI China Internet ETF Sector 08/01/2013
100 BIZD Market Vectors BDC Income ETF Sector 02/12/2013 5
101 ISRA Market Vectors Israel Global/Intl 06/26/2013
102 THHY Market Vectors Treas-Hedged High Yield Bond Bond 03/22/2013 4
103 NASH Nashville Area ETF Style/Strat 08/01/2013
104 FORX PIMCO Foreign Currency Strategy Currency 02/12/2013 1,4
105 CHNA PowerShares China A-Share Global/Intl 10/10/2013 1
106 PFEM PowerShares Fundmntl Emg Mkts Local Debt Bond 05/09/2013
107 PGHY PowerShares Global Short Term High Yield Bd Bond 06/20/2013
108 XMLV PowerShares S&P MidCap Low Volatility Style/Strat 02/15/2013
109 XSLV PowerShares S&P SmallCap Low Volatility Style/Strat 02/15/2013
110 PEX ProShares Global Listed Private Equity Global/Intl 02/28/2013
111 HYHG ProShares High Yield – Interest Rate Hedged Bond 05/23/2013 4
112 IGHG ProShares Investment Grade-Int Rate Hedged Bond 11/07/2013 4
113 NOBL ProShares S&P 500 Aristocrats Style/Strat 10/10/2013 5
114 EMSH ProShares Short Term USD Emg Mrkts Bond Bond 11/21/2013
115 QYLD Recon Capital Nasdaq-100 Covered Call ETF Style/Strat 12/12/2013 4
116 IPO Renaissance IPO ETF Style/Strat 10/16/2013
117 RDIV RevenueShares Ultra Dividend Fund Style/Strat 10/01/2013 5
118 RIGS RiverFront Strategic Income Fund Bond 10/09/2013 1
119 ROBO Robo-Stox Global Robotics and Automation Sector 10/22/2013
120 FNDE Schwab Fundamental Emrg Mkts Large Co Global/Intl 08/13/2013
121 FNDF Schwab Fundamental International Large Co Global/Intl 08/13/2013
122 FNDC Schwab Fundamental International Small Co Global/Intl 08/13/2013
123 FNDB Schwab Fundamental U.S. Broad Market Style/Strat 08/13/2013
124 FNDX Schwab Fundamental U.S. Large Company Style/Strat 08/13/2013
125 FNDA Schwab Fundamental U.S. Small Company Style/Strat 08/13/2013
126 TIPX SPDR Barclays 1-10 Year TIPS ETF Bond 05/30/2013
127 SRLN SPDR Blackstone/GSO Senior Loan ETF Bond 04/04/2013 1
128 EMBB SPDR MSCI EM Beyond BRIC ETF Global/Intl 12/05/2013
129 LGLV SPDR Russell 1000 Low Volatility Style/Strat 02/21/2013
130 TWOK SPDR Russell 2000 ETF Style/Strat 07/09/2013
131 SMLV SPDR Russell 2000 Low Volatility Style/Strat 02/21/2013
132 WDIV SPDR S&P Global Dividend ETF Global/Intl 05/30/2013 5
133 ULST SPDR SSgA Ultra Short Term Bond Bond 10/10/2013 1
134 VWOB Vanguard Emerging Markets Govt Bond Bond 06/04/2013
135 BNDX Vanguard Total International Bond Bond 06/04/2013
136 ASDR VelocityShares Emerging Asia DR ETF Global/Intl 04/08/2013
137 EMDR VelocityShares Emerging Markets DR ETF Global/Intl 04/08/2013
138 ERW VelocityShares Equal Risk Weighted LargeCap Style/Strat 07/30/2013
139 RUDR VelocityShares Russia DR ETF Global/Intl 04/08/2013
140 TRSK VelocityShares Tail Risk Hedged Large Cap Style/Strat 06/24/2013 2,4
141 SPXH VelocityShares Volatility Hedged Large Cap Style/Strat 06/24/2013 2,4
142 VIDI Vident International Equity Global/Intl 10/30/2013
143 AGND WisdomTree Barclays US Agg Bond Neg Dur Bond 12/18/2013 4
144 AGZD WisdomTree Barclays US Agg Bond Zero Dur Bond 12/18/2013 4
145 USDU WisdomTree Bloomberg U.S. Dollar Bullish Currency 12/18/2013
146 HYND WisdomTree BofA ML HY Bond Negative Dur Bond 12/18/2013 4
147 HYZD WisdomTree BofA ML HY Bond Zero Duration Bond 12/18/2013 4
148 EMCG WisdomTree Emrg Mkts Consumer Growth Sector 09/27/2013
149 DGRE WisdomTree Emrg Mkts Dividend Growth Global/Intl 08/01/2013 5
150 DXGE WisdomTree Germany Hedged Equity Global/Intl 10/17/2013 4
151 GLCB WisdomTree Global Corporate Bond Bond 01/31/2013 1
152 DXJS WisdomTree Japan Hedged SmallCap Equity Global/Intl 06/28/2013 4
153 JGBB WisdomTree Japan Interest Rate Strategy Bond 12/18/2013
154 DXKW WisdomTree Korea Hedged Equity Global/Intl 11/07/2013 4
155 DGRW WisdomTree U.S. Dividend Growth Style/Strat 05/22/2013 5
156 DGRS WisdomTree U.S. SmallCap Dividend Growth Style/Strat 07/25/2013 5
157 DXPS WisdomTree United Kingdom Hedged Equity Global/Intl 06/28/2013 4
158 YMLI Yorkville High Income Infra. MLP ETF (C-corp) Sector 02/12/2013 3,5
Notes: 1) actively managed, 2) Fund-of-Funds, 3) structured as a C-Corporation, 4) employs hedging, 5) dividend focus. All exchange traded notes are identified with “ETN” as part of their name description.

Disclosure covering writer, editor, publisher, and affiliates: No positions in any of the securities mentioned or listed in the table. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.

Source: Complete List Of 158 New ETPs For 2013