July 2010 ETF Deathwatch: FaithShares Top List

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 |  Includes: BVL, BVT, EKH, FKL, FMV, FUE, FZB, GBB, GWO, JEM, PGD, PTD, TZD, UBN
by: Ron Rowland

This month the number of exchange-traded products (ETPs) on ETF Deathwatch surged to its highest level in almost a year. The count now stands at 133 (98 ETFs and 35 ETNs), a massive +54% increase from June and the largest quantity since 142 in August 2009.

Last month, I said the low count for June was probably unusual due to the one-month spike in ETF trading activity and other factors. There are currently 107 products that have been granted temporary immunity from this list because they are less than six months old. Many will eventually find their way here.

There were 23 new products launched in December 2009, making this the first month they are Deathwatch-eligible. As it turns out, December 2009 was not a very good vintage with 10 of those new funds showing up on ETF Deathwatch this month. They are identified in the table below with a “7” in the age column.

Topping the list this month is FaithShares Lutheran Values (NYSE:FKL). FKL almost went the entire month with zero volume, but about 900 shares changed hands on the last day of June. Lutheran Values is not alone as the entire FaithShares lineup can be found on the list.

The average age of these unpopular funds is 29 months, which should be plenty of time to attract interest. However, many of them have no visible marketing plan. The sponsors appear to be using them only as place holders.

Listed below are the 133 products on ETF Deathwatch for July that failed to generate at least $100,000 in average daily value traded (ADVT) during the past month.

ETF Deathwatch - July 2010

Rank Ticker Name Age (mths) Avg Daily Volume Avg Daily Value Traded
1 FKL FaithShares Lutheran Values Fund 7 41 $995
2 FMV FaithShares Methodist Values Fund 7 50 $1,287
3 RFF Grail RP Financials ETF 9 59 $1,451
4 GWO Elements CS Global Warming ETN 27 323 $1,905
5 UBN E-TRACS CMCI Energy Total Return ETN 27 186 $2,638
6 BVL Elements Ben Graham Large Cap Value ETN 23 373 $3,617
7 JVS JETS DJ Islamic Market International 12 91 $3,910
8 PTD E-TRACS CMCI Short Platinum Exc Ret ETN 26 127 $4,020
9 FUE Elements MLCX Biofuels ETN 29 595 $4,131
10 EKH HOLDRS Europe 2001 115 82 $4,373
11 BVT Elements Ben Graham Total Mkt Value ETN 23 427 $4,534
12 PGD Barclays Asian&Gulf Currency Reval. ETN 25 100 $4,959
13 JEM Barclays GEMS Currency Index ETN 29 123 $5,192
14 FZB FaithShares Baptist Values Fund 7 200 $5,205
15 TZD iShares S&P Target Date 2010 Index Fund 20 245 $7,115
16 GBB iPath GBP/USD Exchange Rate ETN 38 200 $7,948
17 UBM E-TRACS CMCI Industrial Metals TR ETN 27 555 $10,166
18 AGF PowerShares DB Agriculture Long ETN 27 759 $10,482
19 MKH HOLDRS Merrill Lynch Market 2000+ 120 241 $10,778
20 JYF WisdomTree Dreyfus Japan Yen 26 395 $11,424
21 EXB Claymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs 37 1,009 $11,918
22 BDG PowerShares DB Base Metals Long ETN 25 673 $12,945
23 EEN Claymore/BNY Mellon EW Euro-Pacific LDRs 41 836 $13,746
24 PQSC PowerShares FTSE Nasdaq Small Cap 27 618 $13,948
25 PTRP PowerShares Glb Progressive Transport. 22 568 $14,224
26 TZI iShares S&P Target Date 2025 Index Fund 20 500 $14,650
27 UAG E-TRACS CMCI Agriculture TR ETN 27 877 $16,070
28 PBTQ PowerShares Global Biotech Portfolio 22 732 $16,113
29 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 26 582 $16,238
30 UBC E-TRACS CMCI Livestock Total Return ETN 27 845 $16,269
31 FUD E-TRACS CMCI Food Total Return ETN 27 905 $16,805
32 TZO iShares S&P Target Date 2035 Index Fund 20 573 $16,816
33 RPQ Grail RP Technology ETF 9 650 $18,095
34 FCV FaithShares Catholic Values Fund 7 691 $18,150
35 DJCI UBS E-TRACS DJ-UBS Commodity TR ETN 8 768 $18,190
36 USV E-TRACS CMCI Silver Total Return ETN 27 682 $18,235
37 GVT Grail American Beacon Large Cap Value 14 595 $18,236
38 AYT Barclays GEMS Asia 8 ETN 22 395 $18,241
39 IWL iShares Russell Top 200 Index Fund 9 736 $18,513
40 CHIB Global X China Technology ETF 7 1,327 $18,875
41 RPX Grail RP Growth ETF 9 732 $19,567
42 PAO PowerShares Riverfront Tactical Bal Growth 26 1,836 $20,448
43 CHIE Global X China Energy ETF 7 1,582 $20,954
44 DOD Elements Dogs of the Dow Total Return ETN 32 3,077 $21,784
45 IPD SPDR S&P International Consumer Discr 24 950 $22,177
46 PJO PowerShares FTSE RAFI Japan 37 636 $22,260
47 PTO PowerShares Ibbotson Alternative Completion 26 2,182 $22,583
48 PQBW PowerShares Nasdaq 100 Buy/Write 25 1,159 $23,986
49 CRBA Jefferies|TR/J CRB Global Agriculture Equity 8 677 $24,308
50 FDD First Trust DJ STOXX European Select Div 35 2,086 $24,751
51 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 8 709 $25,349
52 BHH HOLDRS B2B Internet ETF 126 41,036 $25,415
53 PEF PowerShares FTSE RAFI Europe 37 873 $25,485
54 EFN EGS DJ Emerging Markets Financials Titans 10 618 $26,009
55 TZE iShares S&P Target Date 2015 Index Fund 20 886 $26,092
56 EEH Elements Spec LgCap US Sector Mo ETN 35 3,400 $27,117
57 PQZ PowerShares Active Alpha Multi-Cap 27 1,664 $27,410
58 IRY SPDR S&P International Health Care 24 1,036 $27,437
59 BSC Elements Ben Graham Small Cap Value ETN 23 2,555 $28,433
60 ULQ Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 29 582 $28,945
61 PMA PowerShares Active Mega-Cap Portfolio 27 1,373 $29,032
62 CLY iShares 10+ Year Credit Bond Fund 7 595 $30,647
63 TGR iShares S&P Target Date Retirement Inc. 20 1,095 $30,841
64 EEO EGS DJ Emg Mkts Energy Titans 14 718 $31,696
65 IFEU iShares FTSE EPRA/NAREIT Europe 32 1,382 $32,627
66 CZA Claymore/Zacks Mid-Cap Core ETF 40 1,395 $34,141
67 TZL iShares S&P Target Date 2030 Index Fund 20 1,164 $34,436
68 XRU CurrencyShares Russian Ruble Shares 20 1,127 $35,781
69 JPP SPDR Russell/Nomura PRIME Japan 44 986 $35,801
70 KME SPDR KBW Mortgage Finance ETF 14 886 $37,513
71 CRO Claymore/Zacks Country Rotation 36 2,745 $38,392
72 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 9 1,300 $39,002
73 INR Market Vectors Indian Rupee/USD ETN 28 1,032 $39,046
74 DPU PowerShares DB Commodity Long ETN 26 2,832 $40,692
75 FOC FaithShares Christian Values Fund 7 1,564 $40,699
76 PCA PowerShares Riverfront Tactical Gr & Inc 26 3,523 $41,334
77 RWV RevenueShares Navellier Overall A-100 17 1,345 $41,790
78 LD iPath DJ-UBS Lead ETN 25 1,077 $47,046
79 NUCL iShares S&P Global Nuclear Energy 25 1,327 $47,458
80 WMW Elements Mrngstr Wide Moat Focus ETN 33 4,741 $48,199
81 LVL Claymore/BBD High Income 37 3,723 $48,772
82 GRN iPath Global Carbon ETN 25 1,750 $49,586
83 GSR GlobalShares FTSE Emerging Markets 7 2,559 $50,524
84 TZG iShares S&P Target Date 2020 Index Fund 20 1,795 $53,257
85 RWG Grail RP Focused Large Cap Growth ETF 9 2,123 $55,127
86 WMH HOLDRS Wireless 118 1,500 $56,435
87 CPI IQ CPI Inflation Hedged ETF 8 2,336 $58,753
88 IPN SPDR S&P International Industrial 24 2,591 $59,086
89 TLL ProShares UltraShort Telecom 28 4,168 $59,681
90 IPU SPDR S&P International Utilities 24 3,182 $60,473
91 BWV iPath CBOE S&P 500 BuyWrite Index ETN 38 1,427 $60,993
92 TDD TDX Independence 2010 33 2,682 $62,045
93 UWC ProShares Ultra Russell3000 12 1,118 $63,051
94 RHS Rydex S&P Equal Weight Cons Staples 44 1,255 $64,371
95 TZV iShares S&P Target Date 2040 Index Fund 20 2,232 $64,820
96 UBG E-TRACS CMCI Gold Total Return ETN 27 1,873 $65,567
97 DEF Claymore/Sabrient Defender 43 3,168 $65,876
98 ICI iPath Optimized Currency Carry ETN 27 1,459 $67,064
99 TDV TDX Independence 2040 33 3,877 $67,321
100 ROB Claymore/Robb Report Global Luxury 36 3,855 $68,803
101 IFNA iShares FTSE NAREIT North America 32 2,064 $71,592
102 RYU Rydex S&P Equal Weight Utilities 44 1,605 $71,953
103 GCE Claymore CEF Index GS Connect ETN 31 4,655 $72,432
104 URR Market Vectors Double Long Euro ETN 26 2,995 $72,878
105 FVI First Trust Value Line Equity Allocation 43 4,282 $73,935
106 JJE iPath DJ-UBS Energy ETN 33 3,232 $73,935
107 PIC PowerShares Dynamic Insurance 57 5,195 $74,726
108 XGC Claymore/BNY Mellon Intl Small Cap LDRs 39 4,064 $75,166
109 PTE PowerShares Dynamic Telecom & Wireless 56 5,723 $77,473
110 JPX ProShares UltraShort MSCI Pacific ex-Japan 13 4,059 $78,936
111 IPF SPDR S&P International Financial 24 4,532 $79,008
112 FPX First Trust US IPO Index Fund 51 4,045 $79,201
113 TDN TDX Independence 2030 33 4,409 $79,420
114 CHII Global X China Industrial ETF 7 5,914 $79,880
115 IRO Claymore/Zacks Dividend Rotation 33 4,264 $80,228
116 IPK SPDR S&P International Technology 24 3,382 $80,745
117 JJU iPath DJ-UBS Aluminum ETN 25 3,150 $83,233
118 TDX TDX Independence In-Target 33 3,368 $84,027
119 OTR Claymore/Ocean Tomo Growth 40 3,668 $86,256
120 IFAS iShares FTSE EPRA/NAREIT Asia 32 3,273 $86,537
121 TDH TDX Independence 2020 33 4,336 $89,109
122 GULF WisdomTree Middle East Dividend 24 6,173 $89,353
123 PIQ PowerShares Dynamic Magniquant 45 4,491 $92,647
124 PFI PowerShares Dynamic Financials 45 5,559 $92,922
125 OTP Claymore/Ocean Tomo Patent 43 4,309 $93,183
126 STH Claymore/Sabrient Stealth 46 6,218 $93,509
127 PKW PowerShares Buyback Achievers 43 4,523 $93,900
128 MES Market Vectors Gulf States 24 5,050 $96,468
129 ERO iPath EUR/USD Exchange Rate ETN 38 2,055 $97,458
130 ADRU BLDRS Europe 100 ADR 93 5,536 $97,836
131 PMNA PowerShares MENA Frontier Countries 24 8,064 $97,948
132 QQXT First Trust Nasdaq-100 ex-Technology 41 5,605 $99,296
133 FIO iShares FTSE NAREIT Industrial/Office Cpd 38 4,223 $99,571
Click to enlarge

Past issues of ETF Deathwatch are available here.

Disclosure covering writer, editor, and publisher: 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.