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Fifteen exchange-traded products joined ETF Deathwatch for August and seven are being removed. The net increase of eight pushes the current quantity to 163, or 14.6% of the 1,115 eligible products. This quantity represents a 29-month high and consists of 118 ETFs and 45 ETNs. The average list member is 31 months old and has just $7 million in assets.

Many people are surprised to learn that one of the members is the PIMCO Broad U.S. Treasury Index Fund (TRSY). Despite having a PIMCO name and targeting a broad asset class, TRSY went the entire month of July with zero volume. Earlier today, the bid/ask spread was 45 cents on a price of around $103. TRSY easily wins our “least traded product” award for July.

The product with the least assets once again goes to ELEMENTS Ben Graham Large Cap Value ETN (BVL), a distinction it has held for many months. With less than $600,000 under management, BVL is generating less than $4,500 in fees. One can’t help but wonder what is motivating Merrill Lynch and Deutsche Bank to keep this product alive.

New ETFs receive a six-month grace period before becoming eligible for ETF Deathwatch to give them time to gain traction with investors. Five of the 22 new ETPs launched in January failed to draw much interest so far and are joining ETF Deathwatch this month:

In addition to the five coming out of the grace period, ten older ETFs joined the list this month due to having very low assets, very low volume, or both:

  • Global X China Energy ETF (CHIE)
  • Global X China Materials ETF (CHIM) – with the addition of CHIE and CHIM, two-thirds of the Global X China sector suite is now on the list
  • Guggenheim Sector Rotation ETF (XRO)
  • iPath JPY/USD Exchange Rate ETN (JYN) – investors clearly prefer the fund structure of CurrencyShares Japanese Yen (FXY) over the note structure of JYN
  • iPath Long Extended Russell 2000 TR ETN (RTLA) – the big 11 ETN launch by Barclays last November is turning into a bust with eight of them on the list
  • iShares FTSE NAREIT Retail Capped (RTL)
  • JETS Contrarian Opportunities (JCO) – this lone remaining JETS ETF is now in jeopardy
  • PowerShares Dynamic Magniquant (PIQ)
  • ProShares Ultra KBW Regional Banking (KRU)
  • SPDR Russell/Nomura PRIME Japan (JPP)

Three ETPs had substantial increases in assets and trading activity the past three months, and four FaithShares funds finally closed down in July. The seven products removed from ETF Deathwatch are:

  • ProShares Short Basic Materials (SBM)
  • ProShares UltraPro Short S&P MidCap400 (SMDD)
  • UBS ETRACS 1x Monthly Short Alerian MLP ETN (MLPS)
  • FaithShares Baptist Values Fund (FZB) - delisted July 15
  • FaithShares Catholic Values Fund (FCV)
  • FaithShares Lutheran Values Fund (FKL)
  • FaithShares Methodist Values Fund (FMV)

The ETF Deathwatch criteria produced the following list of 163 names for August:

ETF Deathwatch for August 2011

# Ticker Sym ETF Name Age (mths) AUM (millions) 3-mth Avg Daily $ Volume
1 DENT AdvisorShares Dent Tactical ETF 22.8 $17.1 $54,684
2 AADR AdvisorShares WCM/BNY Mellon Foc Gr ADR 12.5 $9.2 $35,915
3 PGD Barclays Asian&Gulf Currency Reval. ETN 37.9 $4.1 $11,639
4 BXDC Barclays ETN+ S&P 500 2x Short C 2009 ETN 20.7 $2.2 $498,848
5 JEM Barclays GEMS Currency Index ETN 42.5 $4.0 $23,319
6 ADRU BLDRS Europe 100 ADR 106.1 $22.4 $178,018
7 GCE Claymore CEF Index GS Connect ETN 44.3 $3.5 $27,861
8 GVT Columbia Concentrated Large Cap Value Strat 27.3 $3.1 $3,414
9 GMTB Columbia Core Bond Strategy Fund 18.3 $5.2 $14,300
10 RPX Columbia Growth Equity Strategy Fund 22.2 $1.6 $74,625
11 GMMB Columbia Intermediate Municipal Bond Strategy 18.3 $5.2 $18,361
12 RWG Columbia Large-Cap Growth Equity 22.2 $9.9 $43,368
13 XRU CurrencyShares Russian Ruble Shares 33.1 $5.4 $199,099
14 TDD db-X 2010 Target Date Fund 46.6 $14.4 $33,398
15 TDX db-X In-Target Date Fund 46.6 $15.8 $27,490
16 FLYX Direxion Airline Shares 7.8 $3.0 $7,112
17 BRIS Direxion Daily BRIC Bear 2x 16.9 $2.6 $79,416
18 BRIL Direxion Daily BRIC Bull 2x 16.9 $6.2 $193,367
19 INDZ Direxion Daily India Bear 2x 16.9 $4.0 $318,204
20 LHB Direxion Daily Latin America Bear 3x 20.2 $4.3 $402,275
21 GASX Direxion Daily Natural Gas Related Bear 2x 12.7 $1.7 $121,084
22 RETS Direxion Daily Retail Bear 2x 12.7 $2.3 $83,675
23 RETL Direxion Daily Retail Bull 2x 12.7 $6.1 $128,391
24 FGEM EGShares Financials GEMS ETF 22.8 $5.7 $93,365
25 BVL ELEMENTS Ben Graham Large Cap Value ETN 36.1 $0.6 $3,532
26 BSC ELEMENTS Ben Graham Small Cap Value ETN 36.0 $1.6 $12,696
27 BVT ELEMENTS Ben Graham Total Mkt Value ETN 36.1 $3.3 $62,007
28 GWO ELEMENTS CS Global Warming ETN 40.5 $3.5 $14,475
29 DOD ELEMENTS Dogs of the Dow Total Return ETN 45.4 $4.7 $35,206
30 FUE ELEMENTS MLCX Biofuels ETN 42.3 $9.5 $178,914
31 WMW ELEMENTS Morningstar Wide Moat Focus ETN 46.1 $10.5 $50,355
32 EEH ELEMENTS Spctrm LgCap US Sector Mo ETN 48.6 $1.1 $615
33 EAPS ESG Shares Pax MSCI EAFE ESG Index ETF 6.1 $2.5 $26,183
34 FOC FaithShares Christian Values Fund 20.0 $3.0 $17,276
35 FDD First Trust DJ STOXX European Select Div 47.7 $11.4 $47,481
36 QABA First Trust NASDAQ ABA Community Bank 25.3 $13.0 $60,798
37 FVI First Trust Value Line Equity Allocation 56.6 $6.9 $47,266
38 ALUM Global X Aluminum ETF 6.9 $5.1 $44,871
39 BRAF Global X Brazil Financials ETF 12.2 $8.1 $59,183
40 CHIE Global X China Energy ETF 19.7 $6.4 $58,747
41 CHIX Global X China Financials ETF 19.9 $5.9 $71,984
42 CHIM Global X China Materials ETF 18.8 $3.7 $59,865
43 CHIB Global X China Technology ETF 20.0 $6.9 $91,451
44 EMGX Global X Russell Emerging Markets Growth ETF 6.2 $2.5 $12,716
45 EMVX Global X Russell Emerging Markets Value ETF 6.2 $2.5 $10,526
46 GIY Guggenheim Enhanced Core Bond ETF 42.2 $5.3 $15,507
47 GSY Guggenheim Enhanced Ultra-Short Bond ETF 42.2 $15.0 $137,332
48 EEN Guggenheim EW Euro-Pacific LDRs ETF 53.8 $3.0 $24,248
49 XGC Guggenheim International Small Cap LDRs 52.7 $10.3 $159,006
50 OTR Guggenheim Ocean Tomo Growth Index ETF 52.7 $6.1 $29,193
51 OTP Guggenheim Ocean Tomo Patent ETF 56.3 $10.5 $67,609
52 XRO Guggenheim Sector Rotation ETF 59.1 $15.4 $57,011
53 WXSP Guggenheim Wilshire 4500 Completion ETF 17.0 $6.2 $31,903
54 WFVK Guggenheim Wilshire 5000 Total Market ETF 17.0 $5.8 $39,951
55 EKH HOLDRS Europe 2001 128.2 $4.0 $31,409
56 IIH HOLDRS Internet Infrastructure 139.1 $9.9 $26,747
57 MKH HOLDRS Merrill Lynch Market 2000+ 132.9 $12.7 $56,233
58 WMH HOLDRS Wireless 130.8 $13.6 $10,546
59 GBB iPath GBP/USD Exchange Rate ETN 51.5 $2.6 $88,297
60 GRN iPath Global Carbon ETN 37.7 $2.3 $36,044
61 JYN iPath JPY/USD Exchange Rate ETN 51.5 $4.9 $36,822
62 MFLA iPath Long Enh 2x MSCI EAFE Index ETN 8.1 $3.6 $75,585
63 EMLB iPath Long Enh 2x MSCI Emerging Mkts ETN 8.1 $5.3 $53,777
64 ROLA iPath Long Ext 3x Russell 1000 TR ETN 8.1 $5.2 $24,355
65 RTLA iPath Long Ext 3x Russell 2000 TR ETN 8.1 $2.3 $436,169
66 MFSA iPath Short Enh -2x MSCI EAFE Index ETN 8.1 $4.1 $61,098
67 EMSA iPath Short Enh -2x MSCI Emerging Mkts ETN 8.1 $7.4 $165,162
68 ROSA iPath Short Ext -3x Russell 1000 TR ETN 8.1 $3.1 $40,573
69 SFSA iPath Short Ext -3x S&P 500 TR Index ETN 8.1 $7.1 $1,315,074
70 TWON IQ Taiwan Small Cap 14.6 $4.4 $61,178
71 GLJ iShares 10+ Year Government/Credit Bond 20.0 $21.9 $71,495
72 MUAE iShares 2016 S&P AMT-Free Muni Series 19.0 $23.6 $129,754
73 IFNA iShares FTSE NAREIT North America 45.0 $13.3 $88,908
74 RTL iShares FTSE NAREIT Retail Capped 51.5 $9.0 $61,270
75 AXDI iShares MSCI ACWI ex US Consumer Discr 12.7 $6.7 $30,349
76 AXSL iShares MSCI ACWI ex US Consumer Staples 12.7 $3.2 $18,158
77 AXEN iShares MSCI ACWI ex US Energy 12.7 $6.3 $46,044
78 AXFN iShares MSCI ACWI ex US Financials 18.5 $2.4 $4,663
79 AXHE iShares MSCI ACWI ex US Health Care 12.7 $3.0 $56,090
80 AXID iShares MSCI ACWI ex US Industrials 12.7 $6.1 $6,997
81 AXIT iShares MSCI ACWI ex US Info Technology 12.7 $2.8 $46,498
82 AXMT iShares MSCI ACWI ex US Materials 12.7 $6.7 $68,857
83 AXTE iShares MSCI ACWI ex US Telecom Services 12.7 $3.0 $21,730
84 AXUT iShares MSCI ACWI ex US Utilities 12.7 $2.5 $48,843
85 EMFN iShares MSCI Emerging Markets Financials 18.5 $22.2 $26,398
86 FEFN iShares MSCI Far East Financials Sector 18.5 $2.5 $7,444
87 EIRL iShares MSCI Ireland Cap. Investable Mkt 15.0 $4.2 $83,114
88 EUSA iShares MSCI USA Index Fund 15.0 $2.8 $43,545
89 TZD iShares S&P Target Date 2010 Index Fund 33.3 $11.1 $140,112
90 TZE iShares S&P Target Date 2015 Index Fund 33.3 $14.8 $131,796
91 TZI iShares S&P Target Date 2025 Index Fund 33.3 $18.7 $126,305
92 TZL iShares S&P Target Date 2030 Index Fund 33.3 $13.7 $85,962
93 TZO iShares S&P Target Date 2035 Index Fund 33.3 $6.9 $34,501
94 TZV iShares S&P Target Date 2040 Index Fund 33.3 $15.6 $86,139
95 TGR iShares S&P Target Date Retirement Inc. 33.3 $9.1 $91,135
96 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 21.4 $4.5 $35,718
97 JCO JETS Contrarian Opportunities 15.9 $14.6 $92,012
98 DSXJ JPM Qtrly Dbl Short US 10-Yr Treas Fut ETN 10.0 $9.4 $84,572
99 DSTJ JPM Qtrly Dbl Short US Long Treas Fut ETN 10.0 $9.9 $14,996
100 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 38.8 $3.6 $6,755
101 URR Market Vectors Double Long Euro ETN 39.3 $1.1 $78,119
102 INR Market Vectors Indian Rupee/USD ETN 41.0 $5.8 $68,613
103 NASI Pax MSCI North America ESG Index 14.6 $4.2 $58,058
104 TRSY PIMCO Broad U.S. Treasury Index Fund 9.1 $10.0 $4,612
105 PQZ PowerShares Active Alpha Multi-Cap 40.2 $3.6 $23,587
106 PMA PowerShares Active Mega-Cap Portfolio 40.1 $5.3 $60,238
107 LBND PowerShares DB 3x Long 25+ Treas ETN 13.2 $3.9 $35,403
108 ADZ PowerShares DB Agriculture Short ETN 40.0 $3.0 $116,120
109 BDG PowerShares DB Base Metals Long ETN 38.0 $1.9 $6,934
110 BOS PowerShares DB Base Metals Short ETN 37.9 $5.5 $144,376
111 DEE PowerShares DB Commodity Dbl Short ETN 39.6 $3.4 $242,371
112 DPU PowerShares DB Commodity Long ETN 39.6 $7.6 $40,735
113 DDP PowerShares DB Commodity Short ETN 39.6 $2.8 $130,117
114 PEZ PowerShares Dynamic Cons Discretionary 58.4 $20.1 $56,642
115 PIC PowerShares Dynamic Insurance 70.1 $8.7 $21,328
116 PIQ PowerShares Dynamic Magniquant 58.4 $20.4 $26,210
117 PXSC PowerShares Fundamental Pure Small Core 56.8 $16.3 $57,868
118 PSTL PowerShares Global Steel Portfolio 34.7 $5.5 $97,117
119 PTO PowerShares Ibbotson Alternative Completion 38.9 $9.0 $24,529
120 KBWX PowerShares KBW International Financial 8.0 $2.4 $5,709
121 KBWY PowerShares KBW Premium Yield Equity REIT 8.0 $7.7 $78,908
122 KBWP PowerShares KBW Property & Casualty Ins 8.0 $3.7 $5,728
123 PYH PowerShares Morningstar StockInvestor Core 56.8 $16.4 $45,714
124 PSCM PowerShares S&P SmallCap Materials 16.0 $2.9 $20,268
125 KRU ProShares Ultra KBW Regional Banking 15.5 $4.3 $242,335
126 UPV ProShares Ultra MSCI Europe 15.3 $3.7 $108,682
127 UMX ProShares Ultra MSCI Mexico Investable Mkt 15.3 $2.1 $19,789
128 UXJ ProShares Ultra MSCI Pacific Ex-Japan 15.3 $3.7 $137,976
129 UWC ProShares Ultra Russell3000 25.3 $8.1 $57,919
130 YCL ProShares Ultra Yen 32.6 $5.5 $335,367
131 RXD ProShares UltraShort Healthcare 54.8 $3.6 $105,798
132 SMK ProShares UltraShort MSCI Mexico 25.8 $2.4 $36,210
133 JPX ProShares UltraShort MSCI Pacific ex-Japan 25.8 $2.4 $21,689
134 BIS ProShares UltraShort Nasdaq Biotechnology 16.0 $2.0 $100,180
135 SFK ProShares UltraShort Russell 1000 Growth 54.0 $4.5 $149,117
136 SJF ProShares UltraShort Russell 1000 Value 54.0 $2.4 $60,283
137 SDK ProShares UltraShort Russell Midcap Growth 54.0 $2.7 $62,964
138 SJL ProShares UltraShort Russell Midcap Value 54.0 $2.0 $78,412
139 TWQ ProShares UltraShort Russell3000 25.3 $1.4 $48,379
140 TLL ProShares UltraShort Telecom 40.7 $2.5 $27,947
141 SDP ProShares UltraShort Utilities 54.8 $4.1 $62,484
142 ONEF Russell Equity ETF 14.9 $12.9 $79,552
143 EWAC Rydex MSCI All Country World Equal Weight 6.7 $6.1 $66,315
144 KME SPDR KBW Mortgage Finance ETF 27.4 $3.7 $32,395
145 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 22.5 $12.0 $63,182
146 JPP SPDR Russell/Nomura PRIME Japan 57.3 $16.3 $64,796
147 IPF SPDR S&P International Financial 36.8 $4.9 $25,406
148 IRY SPDR S&P International Health Care 36.7 $20.1 $172,714
149 IPU SPDR S&P International Utilities 36.7 $7.9 $33,312
150 MLPG UBS ETRACS Alerian Natural Gas MLP ETN 12.7 $14.4 $65,174
151 UBN UBS ETRACS CMCI Energy TR ETN 40.5 $3.4 $16,268
152 UBG UBS ETRACS CMCI Gold TR ETN 40.5 $7.3 $20,659
153 UBM UBS ETRACS CMCI Industrial Metals TR ETN 40.5 $6.8 $21,534
154 UBC UBS ETRACS CMCI Livestock TR ETN 40.5 $5.1 $3,792
155 PTD UBS ETRACS CMCI Short Platinum ER ETN 39.3 $3.2 $2,111
156 SPGH UBS ETRACS S&P 500 Gold Hedged Idx ETN 18.3 $13.7 $56,022
157 MLPW UBS ETRACS Wells Fargo MLP Index ETN 9.1 $17.9 $89,892
158 IVOV Vanguard S&P Mid-Cap 400 Value ETF 10.8 $6.0 $30,525
159 TVIZ VelocityShares Daily 2x VIX Med-Term ETN 8.1 $9.8 $895,129
160 VIIZ VelocityShares VIX Medium-Term ETN 8.1 $3.4 $96,825
161 EU WisdomTree Dreyfus Euro 39.1 $9.9 $51,986
162 JYF WisdomTree Dreyfus Japan Yen 38.9 $6.8 $29,109
163 HEDJ WisdomTree International Hedged Equity 19.2 $20.1 $60,940

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 August 2011: Product Count Hits 29-Month High