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Sixteen new names joined ETF Deathwatch for June. Eleven just emerged from the six-month grace period I give all new launches, while the other five have been around for a longer period of time. Seven products came off the list this month. The net increase of nine places the current count at 148, which is 13.3% of the eligible products.

Seven of the new members are among the New iPath ETNs With Indescribable Leverage introduced last November. I used to joke that Barclays must have sold its product marketing team to BlackRock as part of the iShares transaction. Now the humor is fading away as Barclays offers new products whose names have no logical connection to what the products really are.

The five new “aged” funds added this month are:

  1. HOLDRS Internet Infrastructure (IIH) – Has been around for more than 11 years yet currently has less than $12 million in assets and little trading activity. I believe the HOLDRS structure has outlived its usefulness.
  2. iShares FTSE NAREIT North America (IFNA) – This one is 3.5 years old, has $13.7 million in assets, and average daily volume of less than 1,400 shares.
  3. JPM Quarterly Double Short US Long Treasury Futures ETN (DSTJ) – This one traded only six days in May for a monthly total of only 2,300 shares. If you didn’t even know there was such a thing as JPMorgan inverse Treasury ETNs with dual reset mechanisms, that’s OK. Apparently no one else does either.
  4. PowerShares Dynamic Consumer Discretionary (PEZ) – This is the third PowerShares “Dynamic” ETF to go on Deathwatch. Aware of the problems, PowerShares intends to change the name, indexes, and ticker symbols for its suite of 10 Dynamic Style Box ETFs to FTSE RAFI Fundamental Pure Style Box ETFs effective 6/16/11.
  5. WisdomTree International Hedged Equity (HEDJ) – Has assets above $21 million, but trading activity rarely exceeds three digits. The “hedged” stands for currency-hedged, which has been a less than optimal strategy in the face of a declining dollar.

Twenty-five new ETPs came to market last November and were granted immunity from ETF Deathwatch the past six months. Fourteen show early signs of success. The other eleven do not, and join the list for June:

  1. iPath Long Enhanced MSCI EAFE Index ETN (MFLA) – This is a 2x leveraged ETN with no reset and fees of about 1.40% (review of iPath ETN product launch).
  2. iPath Long Enhanced MSCI Emerging Markets Index ETN (EMLB) – This is a 2x leveraged ETN with no reset and fees of about 1.40%.
  3. iPath Long Extended Russell 1000 TR Index ETN (ROLA) – A 3x leveraged ETN with no reset and fees of about 1.10%.
  4. iPath Short Enhanced MSCI EAFE Index ETN (MFSA) – This is a 2x leveraged inverse ETN with no reset and fees of about 2.55% (not a typo).
  5. iPath Short Enhanced MSCI Emerging Markets Index ETN (EMSA) – This is a 2x leveraged inverse ETN with no reset and fees of about 3.30% (not a typo).
  6. iPath Short Extended S&P 500 TR Index ETN (SFSA) – A 3x leveraged inverse ETN with no reset and fees of about 0.85%.
  7. iPath Short Extended Russell 1000 TR Index ETN (ROSA) – A 3x leveraged inverse ETN with no reset and fees of about 1.50%.
  8. PIMCO Broad U.S. Treasury Index Fund (TRSY) – This one only traded on five days in May and averages a pitiful 90 shares per day. I questioned the necessity of this fund when it launched. The PIMCO name is apparently not enough to thrive in this market.
  9. VelocityShares Daily 2x VIX Medium-Term ETN (TVIZ) – This is one of the two medium-term non-inverse products from newcomer VelocityShares' suite of volatility ETNs introduced in November.
  10. VelocityShares VIX Medium-Term ETN (VIIZ) – This is the other one of the two. Four other ETNs rolled out at the same time by VelocityShares are enjoying strong investor interest.
  11. UBS E-TRACS Wells Fargo MLP Index ETN (MLPW) – This one is probably too late arriving at the MLP party and doesn’t offer anything new.

The following seven products escaped from ETF Deathwatch for June:

  1. Barclays ETN+ Short D Leveraged Exchange Traded Notes Linked to the Inverse Performance of the S&P 500 Total Return Index – This came off the list because BXDD bit the dust. In case you are wondering, it was 3x inverse leverage with no-reset, or “Short D” in Barclays’ terminology. See what I mean about Barclays’ product naming?
  2. Barclays GEMS Currency Index ETN (JEM) – Assets swelled from below $5 million to nearly $90 million, an 18-fold increase. You can’t tell by trading activity though, as it only traded on one of the last five trading days in May. I have to wonder if someone made a typo when publishing the "shares outstanding" data on the Barclays website.
  3. iShares S&P Target Date 2020 Index Fund (TZG) – Assets still in the $17 million range but trading activity picked up the last three months.
  4. ProShares UltraShort DJ-UBS Commodity (CMD) – Saw a surge in both assets and trading activity from the commodity correction in May.
  5. PowerShares Active Low Duration (PLK) – Assets still in $11 million range but trading activity is picking up.
  6. RevenueShares Navellier Overall A-100 (RWV) – Assets still in $10 million range but trading activity is growing. The people at RevenueShares are extremely sensitive about ETF Deathwatch, so they should welcome this news.
  7. UBS E-TRACS CMCI Silver TR ETN (USV) – Assets still in $10 million range but trading activity picked up the past three months.

The ETF Deathwatch criteria produced the following list of 148 names for June:

ETF Deathwatch for June 2011

# Ticker Sym ETF Name Age (mths) AUM (millions) 3-mth Avg Daily $ Volume
1 DENT AdvisorShares Dent Tactical ETF 20.7 $17.6 $77,530
2 AADR AdvisorShares WCM/BNY Mellon Foc Gr ADR 10.5 $8.8 $66,965
3 PGD Barclays Asian&Gulf Currency Reval. ETN 35.9 $4.1 $12,589
4 BXDC Barclays ETN+ S&P 500 2x Short C 2009 ETN 18.6 $1.9 $319,877
5 ADRU BLDRS Europe 100 ADR 104.0 $21.7 $84,089
6 GCE Claymore CEF Index GS Connect ETN 42.3 $3.7 $27,181
7 GVT Columbia Concentrated Large Cap Value Strat 25.2 $3.3 $3,913
8 GMTB Columbia Core Bond Strategy Fund 16.2 $5.2 $12,105
9 RPX Columbia Growth Equity Strategy Fund 20.2 $1.7 $77,917
10 GMMB Columbia Intermediate Municipal Bond Strategy 16.2 $5.1 $11,860
11 RWG Columbia Large-Cap Growth Equity 20.2 $11.6 $149,169
12 XRU CurrencyShares Russian Ruble Shares 31.1 $8.9 $162,350
13 BRIS Direxion Daily BRIC Bear 2x 14.9 $2.5 $43,540
14 BRIL Direxion Daily BRIC Bull 2x 14.9 $4.4 $227,379
15 INDZ Direxion Daily India Bear 2x 14.9 $4.2 $388,868
16 LHB Direxion Daily Latin America Bear 3x 18.1 $3.2 $279,971
17 GASX Direxion Daily Natural Gas Related Bear 2x 10.7 $1.8 $81,002
18 RETS Direxion Daily Retail Bear 2x 10.7 $2.3 $106,707
19 RETL Direxion Daily Retail Bull 2x 10.7 $6.2 $82,965
20 EFN EGS DJ Emerging Markets Financials Titans 20.7 $8.4 $100,386
21 BVL ELEMENTS Ben Graham Large Cap Value ETN 34.0 $0.6 $2,335
22 BSC ELEMENTS Ben Graham Small Cap Value ETN 34.0 $1.8 $19,565
23 BVT ELEMENTS Ben Graham Total Mkt Value ETN 34.0 $3.1 $49,441
24 GWO ELEMENTS CS Global Warming ETN 38.4 $3.7 $74,289
25 DOD ELEMENTS Dogs of the Dow Total Return ETN 43.3 $4.9 $62,638
26 FUE ELEMENTS MLCX Biofuels ETN 40.3 $9.2 $234,687
27 WMW ELEMENTS Morningstar Wide Moat Focus ETN 44.0 $11.1 $107,577
28 EEH ELEMENTS Spctrm LgCap US Sector Mo ETN 46.6 $1.2 $2,511
29 FZB FaithShares Baptist Values Fund 17.7 $1.5 $6,461
30 FCV FaithShares Catholic Values Fund 17.9 $3.2 $28,499
31 FOC FaithShares Christian Values Fund 17.9 $3.2 $24,248
32 FKL FaithShares Lutheran Values Fund 17.7 $1.5 $8,177
33 FMV FaithShares Methodist Values Fund 17.9 $1.6 $15,896
34 FDD First Trust DJ STOXX European Select Div 45.7 $12.1 $51,897
35 QABA First Trust NASDAQ ABA Community Bank 23.3 $13.7 $71,318
36 FVI First Trust Value Line Equity Allocation 54.6 $7.4 $69,343
37 BRAF Global X Brazil Financials ETF 10.2 $9.6 $45,625
38 CHIB Global X China Technology ETF 17.9 $7.3 $123,331
39 GIY Guggenheim Enhanced Core Bond ETF 40.1 $19.9 $3,733
40 GSY Guggenheim Enhanced Ultra-Short Bond ETF 40.1 $5.3 $20,837
41 EEN Guggenheim EW Euro-Pacific LDRs ETF 51.7 $3.1 $30,253
42 XGC Guggenheim International Small Cap LDRs 50.6 $10.9 $56,100
43 OTR Guggenheim Ocean Tomo Growth Index ETF 50.7 $6.1 $40,637
44 OTP Guggenheim Ocean Tomo Patent ETF 54.3 $11.1 $255,774
45 WXSP Guggenheim Wilshire 4500 Completion ETF 14.9 $6.5 $17,671
46 WFVK Guggenheim Wilshire 5000 Total Market ETF 14.9 $6.1 $82,786
47 EKH HOLDRS Europe 2001 126.2 $4.9 $12,740
48 IIH HOLDRS Internet Infrastructure 137.1 $11.7 $51,472
49 MKH HOLDRS Merrill Lynch Market 2000+ 130.9 $13.0 $35,800
50 WMH HOLDRS Wireless 128.8 $15.2 $24,364
51 ERO iPath EUR/USD Exchange Rate ETN 49.4 $17.5 $278,074
52 GBB iPath GBP/USD Exchange Rate ETN 49.4 $2.7 $32,807
53 GRN iPath Global Carbon ETN 35.7 $3.8 $52,257
54 EMLB iPath Long Enh 2x MSCI Emerging Mkts ETN 6.1 $5.5 $131,679
55 MFLA iPath Long Enhanced MSCI EAFE Index ETN 6.1 $5.1 $129,211
56 ROLA iPath Long Ext 3x Russell 1000 TR ETN 6.1 $5.7 $28,629
57 EMSA iPath Short Enh -2x MSCI Emerging Mkts ETN 6.1 $4.9 $173,035
58 MFSA iPath Short Enhanced MSCI EAFE Index ETN 6.1 $3.2 $88,860
59 ROSA iPath Short Ext -3x Russell 1000 TR ETN 6.1 $2.5 $29,471
60 SFSA iPath Short Ext -3x S&P 500 TR Index ETN 6.1 $2.5 $456,859
61 TWON IQ Taiwan Small Cap 12.6 $4.5 $81,439
62 MUAE iShares 2016 S&P AMT-Free Muni Series 17.0 $20.8 $88,717
63 IFNA iShares FTSE NAREIT North America 43.0 $13.7 $52,261
64 AXDI iShares MSCI ACWI ex US Consumer Discr 10.6 $6.7 $107,867
65 AXSL iShares MSCI ACWI ex US Consumer Staples 10.6 $3.3 $43,081
66 AXEN iShares MSCI ACWI ex US Energy 10.6 $6.6 $87,259
67 AXFN iShares MSCI ACWI ex US Financials 16.5 $2.5 $6,327
68 AXHE iShares MSCI ACWI ex US Health Care 10.6 $3.2 $85,298
69 AXID iShares MSCI ACWI ex US Industrials 10.6 $6.4 $223,568
70 AXIT iShares MSCI ACWI ex US Info Technology 10.6 $5.9 $80,117
71 AXMT iShares MSCI ACWI ex US Materials 10.6 $6.9 $251,230
72 AXTE iShares MSCI ACWI ex US Telecom Services 10.6 $3.1 $71,441
73 AXUT iShares MSCI ACWI ex US Utilities 10.6 $5.4 $76,147
74 EMFN iShares MSCI Emerging Markets Financials 16.5 $23.1 $166,410
75 FEFN iShares MSCI Far East Financials Sector 16.5 $2.5 $10,418
76 EUSA iShares MSCI USA Index Fund 13.0 $1.4 $26,114
77 TZD iShares S&P Target Date 2010 Index Fund 31.3 $4.8 $50,273
78 TZE iShares S&P Target Date 2015 Index Fund 31.3 $10.1 $50,610
79 TZI iShares S&P Target Date 2025 Index Fund 31.3 $12.3 $52,768
80 TZL iShares S&P Target Date 2030 Index Fund 31.3 $12.5 $63,995
81 TZO iShares S&P Target Date 2035 Index Fund 31.3 $7.2 $33,145
82 TZV iShares S&P Target Date 2040 Index Fund 31.3 $14.5 $76,662
83 TGR iShares S&P Target Date Retirement Inc. 31.3 $6.1 $31,876
84 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 19.4 $6.9 $67,551
85 DSXJ JPM Qtrly Dbl Short US 10-Yr Treas Fut ETN 7.9 $9.9 $73,289
86 DSTJ JPM Qtrly Dbl Short US Long Treas Fut ETN 7.9 $10.5 $35,659
87 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 36.8 $3.8 $8,063
88 URR Market Vectors Double Long Euro ETN 37.3 $1.1 $80,999
89 INR Market Vectors Indian Rupee/USD ETN 39.0 $7.7 $64,345
90 NASI Pax MSCI North America ESG Index 12.6 $2.9 $41,517
91 TRSY PIMCO Broad U.S. Treasury Index Fund 7.0 $9.9 $6,745
92 PQZ PowerShares Active Alpha Multi-Cap 38.2 $3.9 $39,024
93 PMA PowerShares Active Mega-Cap Portfolio 38.1 $5.5 $53,910
94 LBND PowerShares DB 3x Long 25+ Treas ETN 11.2 $3.6 $26,826
95 ADZ PowerShares DB Agriculture Short ETN 38.0 $2.3 $34,883
96 BDG PowerShares DB Base Metals Long ETN 36.0 $1.9 $15,991
97 BOS PowerShares DB Base Metals Short ETN 35.9 $3.0 $41,750
98 DEE PowerShares DB Commodity Dbl Short ETN 37.6 $3.2 $116,126
99 DPU PowerShares DB Commodity Long ETN 37.6 $7.9 $55,523
100 DDP PowerShares DB Commodity Short ETN 37.6 $2.7 $71,332
101 PEZ PowerShares Dynamic Cons Discretionary 56.4 $20.6 $81,180
102 PIC PowerShares Dynamic Insurance 68.1 $9.3 $152,128
103 PJM PowerShares Dynamic Small Cap 54.7 $17.4 $65,860
104 PSTL PowerShares Global Steel Portfolio 32.7 $5.6 $157,247
105 PTO PowerShares Ibbotson Alternative Completion 36.9 $9.1 $52,665
106 PYH PowerShares Morningstar StockInvestor Core 54.7 $17.2 $74,048
107 PSCM PowerShares S&P SmallCap Materials 14.0 $3.0 $35,398
108 SBM ProShares Short Basic Materials 14.6 $5.3 $368,351
109 UPV ProShares Ultra MSCI Europe 13.2 $4.2 $90,328
110 UMX ProShares Ultra MSCI Mexico Investable Mkt 13.2 $2.1 $61,915
111 UXJ ProShares Ultra MSCI Pacific Ex-Japan 13.2 $4.0 $157,231
112 BIB ProShares Ultra Nasdaq Biotechnology 13.9 $20.2 $725,026
113 UWC ProShares Ultra Russell3000 23.3 $8.9 $60,906
114 YCL ProShares Ultra Yen 30.6 $3.3 $296,679
115 SMDD ProShares UltraPro Short S&P MidCap400 15.8 $9.5 $1,140,914
116 RXD ProShares UltraShort Healthcare 52.7 $3.2 $68,130
117 SMK ProShares UltraShort MSCI Mexico 23.7 $2.5 $47,305
118 JPX ProShares UltraShort MSCI Pacific ex-Japan 23.7 $7.1 $93,479
119 BIS ProShares UltraShort Nasdaq Biotechnology 13.9 $1.8 $93,557
120 SFK ProShares UltraShort Russell 1000 Growth 51.9 $4.3 $122,929
121 SJF ProShares UltraShort Russell 1000 Value 51.9 $2.2 $50,400
122 SDK ProShares UltraShort Russell Midcap Growth 51.9 $2.5 $114,740
123 SJL ProShares UltraShort Russell Midcap Value 51.9 $1.8 $44,167
124 TWQ ProShares UltraShort Russell3000 23.3 $1.4 $55,645
125 TLL ProShares UltraShort Telecom 38.7 $2.1 $53,214
126 SDP ProShares UltraShort Utilities 52.7 $4.0 $89,000
127 KME SPDR KBW Mortgage Finance ETF 25.4 $4.1 $38,812
128 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 20.5 $9.0 $83,848
129 IPF SPDR S&P International Financial 34.7 $7.4 $107,616
130 IRY SPDR S&P International Health Care 34.7 $15.4 $146,191
131 IPU SPDR S&P International Utilities 34.7 $8.3 $34,669
132 TDD TDX Independence 2010 44.6 $14.4 $41,327
133 TDX TDX Independence In-Target 44.6 $15.9 $46,452
134 MLPS UBS E-TRACS 1x Mthly Short Alerian MLP ETN 8.1 $8.5 $51,994
135 MLPG UBS E-TRACS Alerian Natural Gas MLP ETN 10.7 $13.3 $90,019
136 UBN UBS E-TRACS CMCI Energy TR ETN 38.4 $3.4 $15,210
137 UBG UBS E-TRACS CMCI Gold TR ETN 38.4 $7.7 $29,206
138 UBM UBS E-TRACS CMCI Industrial Metals TR ETN 38.4 $6.6 $35,429
139 UBC UBS E-TRACS CMCI Livestock TR ETN 38.4 $4.8 $14,668
140 PTD UBS E-TRACS CMCI Short Platinum ER ETN 37.2 $3.1 $1,749
141 SPGH UBS E-TRACS S&P 500 Gold Hedged Idx ETN 16.3 $13.6 $38,814
142 MLPW UBS E-TRACS Wells Fargo MLP Index ETN 7.0 $18.3 $50,109
143 IVOV Vanguard S&P Mid-Cap 400 Value ETF 8.8 $6.4 $74,784
144 TVIZ VelocityShares Daily 2x VIX Med-Term ETN 6.1 $3.5 $87,769
145 VIIZ VelocityShares VIX Medium-Term ETN 6.1 $3.5 $25,361
146 EU WisdomTree Dreyfus Euro 37.1 $9.9 $82,609
147 JYF WisdomTree Dreyfus Japan Yen 36.8 $6.4 $70,032
148 HEDJ WisdomTree International Hedged Equity 17.2 $21.7 $59,754

Data sources: AUM from National Stock Exchange, daily prices and volume of individual ETPs from Norgate Premium Data, and all other information compiled by Invest With An Edge.

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 June: 16 Names Join List