Seeking Alpha
Registered investment advisor, ETF investing, long-term horizon
Profile| Send Message|
( followers)

The number of exchange-traded products (ETPs) on ETF Deathwatch climbed again this month to 146 (110 ETFs and 36 ETNs). This is a 9.8% increase from last month and the largest quantity since fourteen months ago when the count stood at 150.

There are currently 108 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. In fact, eight of the 22 new products launched in January 2010 that are eligible for the first time this month are included in the list below.

One of those “newly eligible” tops our list this month: iShares MSCI Far East Financials Sector (NASDAQ:FEFN). FEFN had trading activity on only two days in July with a grand total of 500 shares changing hands (another data source shows only one day and a total of 240 shares). I’m not at all surprised to see this ETF here since the remaining nine ETFs needed to complete the MSCI Far East Sector suite have not been launched. The other “partial suites” launched by iShares at the same time as FEFN are also suffering. However, iShares took steps to help the MSCI All-Country ex-US suite by launching the other nine ETFs in July.

Despite all the fanfare and hoopla surrounding the introduction of “actively-managed” ETFs from Grail, all seven of their funds are now on ETF Deathwatch. Of the 28 actively-managed ETFs currently on the market, four were introduced in the past six months giving them temporary immunity from the ETF Deathwatch list. Of the remaining 24, eleven of them (45.8%) can be found on the list below.

Listed below are the 146 products on ETF Deathwatch for August that failed to generate at least $100,000 in average daily dollar volume, or average daily value traded (ADVT), during the past month.

ETF Deathwatch for August 2010

Rank Ticker Name Age (mths) Avg Daily Volume Avg Daily Value Traded
1 FEFN iShares MSCI Far East Financials Sector 6.3 24 $533
2 PGD Barclays Asian&Gulf Currency Reval. ETN 25.8 29 $1,422
3 GWO Elements CS Global Warming ETN 28.3 238 $1,454
4 BVL Elements Ben Graham Large Cap Value ETN 23.9 186 $1,816
5 JVS JETS DJ Islamic Market International 13.2 43 $1,903
6 EEN Claymore/BNY Mellon EW Euro-Pacific LDRs 41.6 181 $2,970
7 GMMB Grail McDonnell Intermediate Municipal Bnd 6.1 62 $3,153
8 UBN E-TRACS CMCI Energy Total Return ETN 28.3 238 $3,263
9 JEM Barclays GEMS Currency Index ETN 30.4 81 $3,560
10 PTD E-TRACS CMCI Short Platinum Exc Ret ETN 27.1 129 $4,109
11 EEH Elements Spec LgCap US Sector Mo ETN 36.5 595 $4,714
12 FKL FaithShares Lutheran Values Fund 7.6 233 $5,884
13 MKH HOLDRS Merrill Lynch Market 2000+ 120.7 133 $5,954
14 GBB iPath GBP/USD Exchange Rate ETN 39.3 157 $6,449
15 EXB Claymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs 37.7 567 $6,527
16 FZB FaithShares Baptist Values Fund 7.6 295 $7,679
17 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 26.7 324 $9,022
18 KME SPDR KBW Mortgage Finance ETF 15.2 224 $9,083
19 RPX Grail RP Growth ETF 10.1 352 $9,259
20 AXFN iShares MSCI ACWI ex US Financials Sector 6.3 438 $9,780
21 WMH HOLDRS Wireless 118.7 271 $10,605
22 ULQ Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 30.0 224 $11,136
23 CRO Claymore/Zacks Country Rotation 37.2 819 $12,188
24 UBM E-TRACS CMCI Industrial Metals TR ETN 28.3 648 $12,355
25 DOD Elements Dogs of the Dow Total Return ETN 33.2 1,795 $12,472
26 GCE Claymore CEF Index GS Connect ETN 32.1 848 $13,206
27 GMTB Grail McDonnell Core Taxable Bond ETF 6.1 262 $13,433
28 CRBA Jefferies|TR/J CRB Global Agriculture Equity 9.2 367 $13,473
29 RFF Grail RP Financials ETF 10.1 567 $13,872
30 FUE Elements MLCX Biofuels ETN 30.2 1,838 $14,272
31 BDG PowerShares DB Base Metals Long ETN 25.8 714 $14,417
32 UBC E-TRACS CMCI Livestock Total Return ETN 28.3 762 $14,737
33 RPQ Grail RP Technology ETF 10.1 533 $14,802
34 SPGH UBS E-TRACS S&P 500 Gold Hedged Idx ETN 6.1 590 $15,904
35 UAG E-TRACS CMCI Agriculture TR ETN 28.3 819 $16,800
36 PQSC PowerShares FTSE Nasdaq Small Cap 28.3 767 $17,211
37 BSC Elements Ben Graham Small Cap Value ETN 23.8 1,667 $17,603
38 UBG E-TRACS CMCI Gold Total Return ETN 28.3 562 $18,192
39 INR Market Vectors Indian Rupee/USD ETN 28.8 486 $18,347
40 PQZ PowerShares Active Alpha Multi-Cap 28.0 1,162 $18,633
41 XGC Claymore/BNY Mellon Intl Small Cap LDRs 40.5 962 $19,081
42 EMFN iShares MSCI Emerging Markets Financials 6.3 752 $19,125
43 AGF PowerShares DB Agriculture Long ETN 27.9 1,362 $19,793
44 PBTQ PowerShares Global Biotech Portfolio 22.7 919 $20,001
45 PSTL PowerShares Global Steel Portfolio 22.6 1,090 $20,737
46 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 10.3 705 $21,135
47 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 9.2 605 $21,583
48 EFN EGS DJ Emerging Markets Financials Titans 10.6 486 $21,658
49 EKH HOLDRS Europe 2001 116.0 405 $22,307
50 FCV FaithShares Catholic Values Fund 7.8 905 $23,041
51 AYT Barclays GEMS Asia 8 ETN 23.2 529 $24,509
52 TZO iShares S&P Target Date 2035 Index Fund 21.1 838 $24,594
53 PMA PowerShares Active Mega-Cap Portfolio 27.9 1,186 $25,412
54 CHIE Global X China Energy ETF 7.6 1,929 $25,989
55 TZI iShares S&P Target Date 2025 Index Fund 21.1 890 $26,457
56 IFEU iShares FTSE EPRA/NAREIT Europe 32.8 1,038 $26,522
57 PTRP PowerShares Glb Progressive Transport. 22.7 1,029 $26,582
58 CHIB Global X China Technology ETF 7.8 1,886 $26,917
59 LD iPath DJ-UBS Lead ETN 25.6 595 $28,463
60 GRN iPath Global Carbon ETN 25.6 1,119 $28,609
61 UWC ProShares Ultra Russell3000 13.1 514 $29,241
62 TZE iShares S&P Target Date 2015 Index Fund 21.1 1,014 $29,438
63 PEF PowerShares FTSE RAFI Europe 37.7 938 $30,280
64 EMMT iShares MSCI Emerging Markets Materials 6.3 1,381 $30,281
65 GSR GlobalShares FTSE Emerging Markets 7.8 1,600 $31,096
66 IPN SPDR S&P International Industrial 24.5 1,348 $31,266
67 IWL iShares Russell Top 200 Index Fund 10.3 1,295 $32,224
68 BVT Elements Ben Graham Total Mkt Value ETN 23.9 2,995 $32,393
69 PTO PowerShares Ibbotson Alternative Completion 26.7 3,176 $33,185
70 PKOL PowerShares Global Coal Portfolio 22.7 1,376 $35,645
71 JPP SPDR Russell/Nomura PRIME Japan 45.2 1,014 $37,016
72 FUD E-TRACS CMCI Food Total Return ETN 28.3 1,933 $38,717
73 OTP Claymore/Ocean Tomo Patent 44.1 1,800 $39,148
74 RWG Grail RP Focused Large Cap Growth ETF 10.1 1,500 $39,437
75 NUCL iShares S&P Global Nuclear Energy 25.5 1,124 $40,944
76 ROB Claymore/Robb Report Global Luxury 36.6 2,276 $41,422
77 USV E-TRACS CMCI Silver Total Return ETN 28.3 1,643 $41,545
78 IPU SPDR S&P International Utilities 24.5 2,148 $41,610
79 WMW Elements Mrngstr Wide Moat Focus ETN 33.9 4,205 $41,815
80 DPU PowerShares DB Commodity Long ETN 27.5 2,962 $42,094
81 BDH HOLDRS Broadband ETF 125.6 4,152 $44,436
82 GVT Grail American Beacon Large Cap Value 15.1 1,471 $45,610
83 ERO iPath EUR/USD Exchange Rate ETN 39.3 943 $47,156
84 IRY SPDR S&P International Health Care 24.5 1,752 $47,563
85 IRV SPDR S&P International Materials 24.5 2,110 $48,529
86 TZL iShares S&P Target Date 2030 Index Fund 21.1 1,681 $49,800
87 XRU CurrencyShares Russian Ruble Shares 20.9 1,538 $50,280
88 DJCI UBS E-TRACS DJ-UBS Commodity TR ETN 9.2 200 $51,034
89 FMV FaithShares Methodist Values Fund 7.8 2,000 $51,081
90 TZD iShares S&P Target Date 2010 Index Fund 21.1 1,790 $51,425
91 BHH HOLDRS B2B Internet ETF 127.0 77,400 $51,464
92 TLL ProShares UltraShort Telecom 28.5 3,657 $51,627
93 TZV iShares S&P Target Date 2040 Index Fund 21.1 1,814 $51,781
94 RHS Rydex S&P Equal Weight Cons Staples 45.4 1,048 $53,624
95 TDD TDX Independence 2010 34.5 2,329 $53,908
96 FDD First Trust DJ STOXX European Select Div 35.5 4,357 $55,135
97 TDX TDX Independence In-Target 34.5 2,233 $55,696
98 GULF WisdomTree Middle East Dividend 24.8 4,005 $57,555
99 MES Market Vectors Gulf States 24.6 3,076 $59,147
100 SZR WisdomTree Dreyfus S. African Rand 25.5 2,133 $60,813
101 TDN TDX Independence 2030 34.5 3,419 $61,430
102 LVL Claymore/BBD High Income 37.7 4,762 $63,214
103 PMR PowerShares Dynamic Retail 58.0 4,000 $64,245
104 IST SPDR S&P International Telecom 24.5 2,924 $64,603
105 PTE PowerShares Dynamic Telecom & Wireless 56.6 4,714 $65,008
106 PJB PowerShares Dynamic Banking 46.3 5,305 $65,172
107 FPX First Trust US IPO Index Fund 52.3 3,443 $67,445
108 CZA Claymore/Zacks Mid-Cap Core ETF 40.5 2,738 $67,791
109 INY SPDR Nuveen Barclays New York Muni Bond 34.0 3,052 $69,609
110 FOC FaithShares Christian Values Fund 7.8 2,762 $71,035
111 TDV TDX Independence 2040 34.5 4,157 $71,905
112 PIC PowerShares Dynamic Insurance 58.0 5,038 $72,530
113 UHN United States Heating Oil Fund LP 28.1 2,971 $73,642
114 OTR Claymore/Ocean Tomo Growth 40.5 3,157 $74,684
115 EEO EGS DJ Emg Mkts Energy Titans 14.5 1,681 $75,345
116 IPK SPDR S&P International Technology 24.6 3,181 $75,509
117 JPX ProShares UltraShort MSCI Pacific ex-Japan 13.6 4,129 $75,667
118 IPD SPDR S&P International Consumer Discr 24.5 3,243 $76,826
119 QABA First Trust NASDAQ ABA Community Bank 13.2 3,414 $77,679
120 PFA PowerShares Dynamic Dev Intl Opps 38.1 5,252 $77,893
121 RWV RevenueShares Navellier Overall A-100 18.5 2,610 $80,818
122 TDH TDX Independence 2020 34.5 3,962 $82,034
123 MUAE iShares 2016 S&P AMT-Free Muni Series 6.9 1,595 $82,260
124 QQXT First Trust Nasdaq-100 ex-Technology 42.1 4,729 $83,159
125 UCD ProShares Ultra DJ-UBS Commodity 20.4 3,638 $83,574
126 PKW PowerShares Buyback Achievers 44.0 4,105 $83,815
127 IPW SPDR S&P International Energy 24.5 3,848 $83,908
128 IFAS iShares FTSE EPRA/NAREIT Asia 32.8 3,133 $84,601
129 BWV iPath CBOE S&P 500 BuyWrite Index ETN 38.8 1,967 $84,700
130 PMNA PowerShares MENA Frontier Countries 25.1 6,952 $85,213
131 FVI First Trust Value Line Equity Allocation 44.5 4,971 $86,472
132 IFNA iShares FTSE NAREIT North America 32.8 2,462 $86,721
133 EZY WisdomTree Large Cap Value 41.8 2,690 $87,932
134 JJP iPath DJ-UBS Precious Metals ETN 25.6 1,452 $88,854
135 RTL iShares FTSE NAREIT Retail Capped 39.4 3,848 $89,103
136 LTL ProShares Ultra Telecommunications 28.5 2,538 $90,156
137 MNA IQ Merger Arbitrage ETF 8.5 3,524 $90,161
138 PJO PowerShares FTSE RAFI Japan 37.7 2,543 $90,279
139 JJS iPath DJ-UBS Softs ETN 25.6 1,838 $90,854
140 PKN PowerShares Global Nuclear Energy 28.3 5,152 $91,694
141 RYU Rydex S&P Equal Weight Utilities 45.4 1,962 $92,256
142 OLO PowerShares DB Crude Oil Long ETN 25.7 7,967 $94,401
143 BAL iPath DJ-UBS Cotton ETN 25.5 2,590 $95,096
144 PQY PowerShares Active AlphaQ 28.0 4,224 $96,996
145 ADRU BLDRS Europe 100 ADR 93.9 5,290 $97,118
146 DEF Claymore/Sabrient Defender 44.1 4,605 $98,561

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.

Source: ETF Deathwatch for August 2010 Climbs to 146 Names