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The number of products on ETF Deathwatch held steady at 163 for September, although the membership list shows numerous changes. Ten names were added and another ten came off, leaving 123 ETFs and 40 ETNs vulnerable to shutdown.

Four products escaped the list simply because they no longer exist. These perpetual members of ETF Deathwatch have been closed and liquidated:

  1. ELEMENTS Benjamin Graham Large Cap Value ETN (NYSE:BVL) [Ben Graham ELEMENTS ETNs Closing]
  2. ELEMENTS Benjamin Graham Small Cap Value ETN (NYSE:BSC)
  3. ELEMENTS Benjamin Graham Total Market Value ETN (NYSE:BVT)
  4. FaithShares Christian Values Fund (NASDAQ:FOC)

Six ETPs had substantial increases in assets and trading activity the past three months, leaving the list more honorably:

  1. BLDRS Europe 100 ADR (NASDAQ:ADRU)
  2. iPath Short Enhanced -2x MSCI Emerging Markets ETN (NYSEARCA:EMSA)
  3. iShares 2016 S&P AMT-Free Muni Series (MUAE)
  4. iShares FTSE NAREIT North America (NASDAQ:IFNA)
  5. SPDR S&P International Health Care (NYSEARCA:IRY)
  6. VelocityShares Daily 2x VIX Medium-Term ETN (NASDAQ:TVIZ)

New ETFs receive a six-month grace before they are eligible for ETF Deathwatch. This gives them a fair chance gain traction with investors. Five of the 14 new ETPs launched in February blew their chance and now join the ETF Deathwatch. Also, five older ETFs were added because of a drop off in assets and/or trading:

  1. FactorShares 2X: Oil Bull/S&P500 Bear (FOL) [FactorShares Introduces Spread Trading In ETF Wrapper]
  2. FactorShares 2X: S&P500 Bull/TBond Bear (NYSEARCA:FSE)
  3. FactorShares 2X: TBond Bull/S&P500 Bear (NYSEARCA:FSA)
  4. Global X China Industrial ETF (NYSEARCA:CHII) [Global X Launches 2 of 6 Planned China Sector ETFs]
  5. iShares MSCI Emerging Markets Materials (NASDAQ:EMMT) [iShares Begins Rollout of 4 New International Sector ETF Suites]
  6. iShares S&P Global Nuclear Energy (NASDAQ:NUCL)
  7. PowerShares Fundamental Pure Mid Core (NYSEARCA:PXMC) [Ticker Changes for PowerShares ETFs]
  8. PowerShares MENA Frontier Countries (NASDAQ:PMNA)
  9. ProShares UltraShort TIPS (NYSEARCA:TPS) [Shorting Inflation Protection with TPS]
  10. Teucrium Natural Gas Fund (NYSEARCA:NAGS) [Teucrium Natural Gas Fund Now Trading]

With the demise of the ELEMENTS Benjamin Graham ETNs, other products now compete for the title “Listed Product with the Least Assets.” ELEMENTS Spectrum Large Cap Sector US Momentum ETN (NYSEARCA:EEH) and Market Vectors Double Long Euro ETN (NYSEARCA:URR) each have only a little over $1 million in assets, the least among those on the market for more than six months.

The now defunct ELEMENTS Benjamin Graham ETNs were also notorious for having some of the smallest trading activity. For August, that honor was shifted to ELEMENTS Spectrum Large Cap Sector US Momentum ETN (EEH) that traded on only four days during the month for a total of fewer than 1700 shares (about 73 shares per day).

The ETF Deathwatch criteria produced 163 names for September. Here is the complete list:

ETF Deathwatch for September 2011

# Ticker Sym ETF Name Age (mths) AUM (millions) 3-mth Avg Daily $ Volume
1 DENT AdvisorShares Dent Tactical ETF 24 $15.6 $67,303
2 AADR AdvisorShares WCM/BNY Mellon Foc Gr ADR 14 $8.2 $34,380
3 PGD Barclays Asian&Gulf Currency Reval. ETN 39 $4.1 $11,643
4 BXDC Barclays ETN+ S&P 500 2x Short C 2009 ETN 22 $2.7 $707,524
5 JEM Barclays GEMS Currency Index ETN 44 $3.9 $43,432
6 GCE Claymore CEF Index GS Connect ETN 45 $3.4 $34,363
7 GVT Columbia Concentrated Large Cap Value Strat 28 $2.9 $2,748
8 GMTB Columbia Core Bond Strategy Fund 19 $5.3 $16,226
9 RPX Columbia Growth Equity Strategy Fund 23 $1.5 $9,759
10 GMMB Columbia Intermediate Municipal Bond Strategy 19 $5.2 $8,500
11 RWG Columbia Large-Cap Growth Equity 23 $9.2 $43,522
12 XRU CurrencyShares Russian Ruble Shares 34 $6.9 $211,284
13 TDD db-X 2010 Target Date Fund 48 $14.3 $30,571
14 TDX db-X In-Target Date Fund 48 $15.5 $31,596
15 FLYX Direxion Airline Shares 9 $2.8 $4,379
16 BRIS Direxion Daily BRIC Bear 2x 18 $2.9 $71,756
17 BRIL Direxion Daily BRIC Bull 2x 18 $5.1 $138,345
18 INDZ Direxion Daily India Bear 2x 18 $3.1 $231,192
19 LHB Direxion Daily Latin America Bear 3x 21 $3.4 $570,300
20 GASX Direxion Daily Natural Gas Related Bear 2x 14 $2.0 $179,182
21 RETS Direxion Daily Retail Bear 2x 14 $2.3 $144,647
22 RETL Direxion Daily Retail Bull 2x 14 $5.6 $123,911
23 FGEM EGShares Financials GEMS ETF 24 $6.2 $58,914
24 GWO ELEMENTS CS Global Warming ETN 42 $3.2 $11,055
25 DOD ELEMENTS Dogs of the Dow Total Return ETN 46 $4.8 $47,749
26 FUE ELEMENTS MLCX Biofuels ETN 43 $18.5 $206,809
27 WMW ELEMENTS Morningstar Wide Moat Focus ETN 47 $10.0 $61,806
28 EEH ELEMENTS Spctrm LgCap US Sector Mo ETN 50 $1.0 $827
29 EAPS ESG Shares Pax MSCI EAFE ESG Index ETF 7 $2.2 $36,346
30 FOL FactorShares 2X: Oil Bull/S&P500 Bear 6 $4.1 $108,050
31 FSE FactorShares 2X: S&P500 Bull/TBond Bear 6 $1.5 $42,324
32 FSA FactorShares 2X: TBond Bull/S&P500 Bear 6 $3.5 $103,602
33 FDD First Trust DJ STOXX European Select Div 49 $9.8 $72,611
34 QABA First Trust NASDAQ ABA Community Bank 26 $11.8 $71,105
35 FVI First Trust Value Line Equity Allocation 58 $6.3 $70,669
36 ALUM Global X Aluminum ETF 8 $4.4 $65,753
37 BRAF Global X Brazil Financials ETF 13 $7.8 $79,960
38 CHIE Global X China Energy ETF 21 $5.8 $39,933
39 CHIX Global X China Financials ETF 21 $5.2 $65,529
40 CHII Global X China Industrial ETF 21 $4.9 $47,740
41 CHIM Global X China Materials ETF 20 $3.2 $41,969
42 CHIB Global X China Technology ETF 21 $6.4 $65,559
43 EMGX Global X Russell Emerging Markets Growth ETF 7 $2.2 $10,928
44 EMVX Global X Russell Emerging Markets Value ETF 7 $2.3 $9,177
45 GIY Guggenheim Enhanced Core Bond ETF 43 $5.4 $20,774
46 GSY Guggenheim Enhanced Ultra-Short Bond ETF 43 $14.9 $161,517
47 EEN Guggenheim EW Euro-Pacific LDRs ETF 55 $2.7 $18,019
48 XGC Guggenheim International Small Cap LDRs 54 $8.2 $167,371
49 OTR Guggenheim Ocean Tomo Growth Index ETF 54 $10.1 $228,207
50 OTP Guggenheim Ocean Tomo Patent ETF 57 $9.7 $33,599
51 XRO Guggenheim Sector Rotation ETF 60 $14.0 $67,615
52 WXSP Guggenheim Wilshire 4500 Completion ETF 18 $5.6 $52,805
53 WFVK Guggenheim Wilshire 5000 Total Market ETF 18 $5.5 $36,631
54 EKH HOLDRS Europe 2001 129 $3.5 $37,100
55 IIH HOLDRS Internet Infrastructure 140 $9.3 $24,361
56 MKH HOLDRS Merrill Lynch Market 2000+ 134 $11.9 $50,936
57 WMH HOLDRS Wireless 132 $13.8 $8,808
58 GBB iPath GBP/USD Exchange Rate ETN 53 $2.6 $84,959
59 GRN iPath Global Carbon ETN 39 $2.4 $28,519
60 JYN iPath JPY/USD Exchange Rate ETN 53 $4.9 $19,029
61 MFLA iPath Long Enh 2x MSCI EAFE Index ETN 9 $3.0 $69,563
62 EMLB iPath Long Enh 2x MSCI Emerging Mkts ETN 9 $4.4 $54,688
63 ROLA iPath Long Ext 3x Russell 1000 TR ETN 9 $4.4 $60,999
64 RTLA iPath Long Ext 3x Russell 2000 TR ETN 9 $3.0 $373,458
65 MFSA iPath Short Enh -2x MSCI EAFE Index ETN 9 $5.1 $53,667
66 ROSA iPath Short Ext -3x Russell 1000 TR ETN 9 $4.0 $109,613
67 SFSA iPath Short Ext -3x S&P 500 TR Index ETN 9 $10.3 $1,909,247
68 TWON IQ Taiwan Small Cap 16 $3.8 $34,921
69 GLJ iShares 10+ Year Government/Credit Bond 21 $22.8 $85,520
70 RTL iShares FTSE NAREIT Retail Capped 53 $8.5 $71,908
71 AXDI iShares MSCI ACWI ex US Consumer Discr 14 $6.0 $23,102
72 AXSL iShares MSCI ACWI ex US Consumer Staples 14 $3.1 $13,689
73 AXEN iShares MSCI ACWI ex US Energy 14 $5.7 $37,899
74 AXFN iShares MSCI ACWI ex US Financials 20 $2.1 $6,245
75 AXHE iShares MSCI ACWI ex US Health Care 14 $2.9 $84,954
76 AXID iShares MSCI ACWI ex US Industrials 14 $5.4 $8,809
77 AXIT iShares MSCI ACWI ex US Info Technology 14 $2.5 $37,956
78 AXMT iShares MSCI ACWI ex US Materials 14 $6.1 $24,263
79 AXTE iShares MSCI ACWI ex US Telecom Services 14 $2.8 $29,203
80 AXUT iShares MSCI ACWI ex US Utilities 14 $2.3 $40,547
81 EMFN iShares MSCI Emerging Markets Financials 20 $20.1 $28,507
82 EMMT iShares MSCI Emerging Markets Materials 20 $9.9 $58,704
83 FEFN iShares MSCI Far East Financials Sector 20 $2.3 $6,602
84 EIRL iShares MSCI Ireland Cap. Investable Mkt 16 $4.8 $123,335
85 EUSA iShares MSCI USA Index Fund 16 $5.2 $155,313
86 NUCL iShares S&P Global Nuclear Energy 39 $15.0 $63,377
87 TZD iShares S&P Target Date 2010 Index Fund 34 $7.7 $292,699
88 TZE iShares S&P Target Date 2015 Index Fund 34 $12.7 $268,369
89 TZI iShares S&P Target Date 2025 Index Fund 34 $16.2 $250,718
90 TZL iShares S&P Target Date 2030 Index Fund 34 $13.0 $129,573
91 TZO iShares S&P Target Date 2035 Index Fund 34 $8.1 $56,231
92 TZV iShares S&P Target Date 2040 Index Fund 34 $14.7 $89,945
93 TGR iShares S&P Target Date Retirement Inc. 34 $7.5 $163,070
94 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 22 $4.0 $30,189
95 JCO JETS Contrarian Opportunities 17 $5.8 $174,190
96 DSXJ JPM Qtrly Dbl Short US 10-Yr Treas Fut ETN 11 $8.7 $35,970
97 DSTJ JPM Qtrly Dbl Short US Long Treas Fut ETN 11 $8.6 $46,062
98 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 40 $3.4 $7,883
99 URR Market Vectors Double Long Euro ETN 40 $1.1 $25,674
100 INR Market Vectors Indian Rupee/USD ETN 42 $5.5 $78,871
101 NASI Pax MSCI North America ESG Index 16 $4.0 $42,054
102 TRSY PIMCO Broad U.S. Treasury Index Fund 10 $18.7 $50,195
103 PQZ PowerShares Active Alpha Multi-Cap 41 $2.5 $24,743
104 PMA PowerShares Active Mega-Cap Portfolio 41 $5.0 $50,678
105 LBND PowerShares DB 3x Long 25+ Treas ETN 14 $6.4 $91,036
106 ADZ PowerShares DB Agriculture Short ETN 41 $1.7 $114,845
107 BDG PowerShares DB Base Metals Long ETN 39 $1.8 $6,911
108 BOS PowerShares DB Base Metals Short ETN 39 $7.9 $232,466
109 DEE PowerShares DB Commodity Dbl Short ETN 41 $2.6 $194,656
110 DPU PowerShares DB Commodity Long ETN 41 $7.5 $33,288
111 DDP PowerShares DB Commodity Short ETN 41 $2.8 $165,667
112 PEZ PowerShares Dynamic Cons Discretionary 59 $18.6 $72,898
113 PIC PowerShares Dynamic Insurance 71 $8.0 $24,104
114 PIQ PowerShares Dynamic Magniquant 59 $18.8 $41,862
115 PXMC PowerShares Fundamental Pure Mid Core 58 $20.4 $73,330
116 PXSC PowerShares Fundamental Pure Small Core 58 $15.1 $73,536
117 PSTL PowerShares Global Steel Portfolio 36 $4.7 $23,143
118 PTO PowerShares Ibbotson Alternative Completion 40 $8.9 $35,964
119 KBWX PowerShares KBW International Financial 9 $3.3 $8,560
120 KBWY PowerShares KBW Premium Yield Equity REIT 9 $7.0 $88,363
121 KBWP PowerShares KBW Property & Casualty Ins 9 $3.5 $3,013
122 PMNA PowerShares MENA Frontier Countries 38 $21.7 $75,127
123 PYH PowerShares Morningstar StockInvestor Core 58 $15.7 $39,861
124 PSCM PowerShares S&P SmallCap Materials 17 $6.6 $93,932
125 KRU ProShares Ultra KBW Regional Banking 17 $1.6 $256,383
126 UPV ProShares Ultra MSCI Europe 16 $2.9 $127,317
127 UMX ProShares Ultra MSCI Mexico Investable Mkt 16 $1.8 $12,193
128 UXJ ProShares Ultra MSCI Pacific Ex-Japan 16 $3.3 $124,870
129 UWC ProShares Ultra Russell3000 26 $7.0 $73,959
130 YCL ProShares Ultra Yen 34 $5.6 $366,973
131 RXD ProShares UltraShort Healthcare 56 $3.6 $160,085
132 SMK ProShares UltraShort MSCI Mexico 27 $2.5 $72,454
133 JPX ProShares UltraShort MSCI Pacific ex-Japan 27 $2.4 $39,682
134 BIS ProShares UltraShort Nasdaq Biotechnology 17 $4.2 $122,579
135 SFK ProShares UltraShort Russell 1000 Growth 55 $3.1 $292,214
136 SJF ProShares UltraShort Russell 1000 Value 55 $2.5 $92,564
137 SDK ProShares UltraShort Russell Midcap Growth 55 $2.9 $150,251
138 SJL ProShares UltraShort Russell Midcap Value 55 $2.1 $101,268
139 TWQ ProShares UltraShort Russell3000 26 $2.3 $100,625
140 TLL ProShares UltraShort Telecom 42 $2.5 $61,762
141 TPS ProShares UltraShort TIPS 7 $3.1 $40,178
142 SDP ProShares UltraShort Utilities 56 $2.9 $186,564
143 ONEF Russell Equity ETF 16 $8.0 $154,021
144 EWAC Rydex MSCI All Country World Equal Weight 8 $5.6 $64,402
145 KME SPDR KBW Mortgage Finance ETF 28 $3.3 $22,845
146 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 24 $12.0 $105,784
147 JPP SPDR Russell/Nomura PRIME Japan 58 $15.0 $80,780
148 IPF SPDR S&P International Financial 38 $7.9 $95,918
149 IPU SPDR S&P International Utilities 38 $7.3 $54,514
150 NAGS Teucrium Natural Gas Fund 7 $2.0 $15,300
151 MLPG UBS ETRACS Alerian Natural Gas MLP ETN 14 $14.1 $195,156
152 UBN UBS ETRACS CMCI Energy TR ETN 42 $3.2 $22,440
153 UBG UBS ETRACS CMCI Gold TR ETN 42 $9.4 $85,617
154 UBM UBS ETRACS CMCI Industrial Metals TR ETN 42 $6.4 $15,306
155 UBC UBS ETRACS CMCI Livestock TR ETN 42 $4.9 $5,754
156 PTD UBS ETRACS CMCI Short Platinum ER ETN 40 $3.1 $2,846
157 SPGH UBS ETRACS S&P 500 Gold Hedged Idx ETN 19 $17.6 $116,910
158 MLPW UBS ETRACS Wells Fargo MLP Index ETN 10 $17.7 $79,574
159 IVOV Vanguard S&P Mid-Cap 400 Value ETF 12 $11.1 $42,365
160 VIIZ VelocityShares VIX Medium-Term ETN 9 $8.7 $201,936
161 EU WisdomTree Dreyfus Euro 40 $5.2 $60,393
162 JYF WisdomTree Dreyfus Japan Yen 40 $13.6 $164,885
163 HEDJ WisdomTree International Hedged Equity 20 $18.6 $70,520

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 September 2011: Ben Graham Has Left The Building