There were 28 new exchange traded product (ETPs) launched in April, consisting of 26 ETFs and two ETNs. Just one ETF was delisted, for a net increase of 27. This is the largest number of new monthly launches since last November.
The number of US-listed ETPs now stands at 998 (905 ETFs and 93 ETNs). A total of 84 new ETP launches have occurred so far this year. Subtracting out the 11 closures yields a net increase of 73.
The one closure in April came as a surprise as Claymore/Delta Global Shipping (SEA) was forced to shut down when it failed to obtain shareholder approval for a new advisory contract. Rydex has announced its intention to close a dozen ETFs in May.
Notional trading of ETPs climbed +9.6% in April to $1.51 trillion even though there were two fewer trading days. As a result, the average daily value traded (ADVT) jumped +20.1% to $72.0 billion from $59.9 billion in March.
The increase in trading was felt across the entire spectrum of ETPs: The ADVT for SDPR S&P 500 (SPY) was up more than +17% to $22.7 billion. The quantity of ETPs trading more than $1 billion per day went from nine to thirteen, while those trading more than $100 million per day saw their ranks increase from 69 to 78.
Meanwhile, the number of products on Deathwatch (ADVT below $100,000 and more than six months on the market) dropped from 108 to 99.
|April 2010 Month End||ETFs||ETNs||Total|
|Currently Listed U.S.||905||93||998|
|Listed as of 12/31/2009||836||89||925|
|New Introductions for Month||26||2||28|
|Delistings/Closures for Month||1||0||1|
|Net Change for Month||+25||+2||+27|
|New Introductions YTD||80||4||84|
|Net Change YTD||+69||+4||+73|
|ADVT > $1 Billion||13||0||13|
|ADVT > $100 Million||77||1||78|
|% on Deathwatch||7.5%||33.3%||9.9%|
New products launched in April (in chronological order):
- UBS E-TRACS Alerian MLP Infrastructure Index ETN (MLPI) (Tracking the Alerian MLP Infrastructure Index)
- GlobalShares FTSE All-World Fund (GSW) (Three New ETF Clones from Old Mutual GlobalShares)
- GlobalShares FTSE All-World ex-US Fund (GSO)
- GlobalShares FTSE All-Cap Asia Pacific ex-Japan Fund (GSZ)
- Market Vectors Latin America Small-Cap Index ETF (LATM) (New Latin America Small Cap ETF)
- PowerShares S&P SmallCap Consumer Discretionary Portfolio (XLYS) (PowerShares Small Cap Sector ETFs Hit the Tape)
- PowerShares S&P SmallCap Consumer Staples Portfolio (XLPS)
- PowerShares S&P SmallCap Energy Portfolio (XLES)
- PowerShares S&P SmallCap Financials Portfolio (XLFS)
- PowerShares S&P SmallCap Health Care Portfolio (XLVS)
- PowerShares S&P SmallCap Industrials Portfolio (XLIS)
- PowerShares S&P SmallCap Information Technology Portfolio (XLKS)
- PowerShares S&P SmallCap Materials Portfolio (XLBS)
- PowerShares S&P SmallCap Utilities Portfolio (XLUS)
- ProShares Ultra Nasdaq Biotechnology (BIB) (New Biotech 2x ProShares)
- ProShares UltraShort Nasdaq Biotechnology (BIS)
- JETS Contrarian Opportunities Index Fund (JCO) (Investing in the Contrary)
- First Trust BICK Index Fund (BICK) (New BICK Emerging Market ETF from First Trust)
- Credit Suisse Cushing 30 MLP Index ETN (MLPN) (Cushing 30 MLP Index ETN Launched)
- IQ South Korea Small Cap ETF (SKOR) (Small-Cap Korean Stocks Get Their First ETF)
- Global X Silver Miners ETF (SIL) (Global X Launches ETFs Tracking Silver and Copper Miners)
- Global X Copper Miners ETF (COPX)
- ProShares Ultra KBW Regional Banking (KRU) (New ProShares Cover Regional Banks)
- ProShares Short KBW Regional Banking (KRS)
- ProShares Ultra MSCI Brazil (UBR) (ProShares Leverages the World)
- ProShares Ultra MSCI Europe (UPV)
- ProShares Ultra MSCI Mexico Investable Market (UMX)
- ProShares Ultra MSCI Pacific Ex-Japan (UXJ)
Product closures/delistings in April:
Previous monthly statistics reports are available here.
Disclosure covering writer, editor, publisher, and affiliates: No positions in any of the securities mentioned. 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.