Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
In August, 19 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 15 were removed, bringing the total to 330.
Eight products were removed due to improved health and seven were delisted.
All of the additions for the month were due to low trading volume. The low volume in these products could be due to the nature of their investment product. These ETPs may have enough assets under management (“AUM”) to keep them from closure. However, our system takes into account both AUM and volume. If both remain low, these funds may be considered for closure.
Forty-seven ETPs on Deathwatch this month have been in the market for at least 10 years. These include many short ETPs.
The average asset level of the threatened ETPs on ETF Deathwatch increased from $9.35 million to $9.71 million, and 22 products had less than $2 million in assets. The average age of products on the list increased from 51.74 months to 51.81 months, and the number of products at least 5 years of age decreased from 103 to 101. The largest ETP on the list had an AUM of $24.76 million, while the smallest had assets of just $644,008.
Here is the Complete List of 330 ETFs and ETNs on ETF Deathwatch for August 2021 compiled using the objective ETF Deathwatch Criteria.
The 19 ETPs added to ETF Deathwatch for August:
The 8 ETPs removed from ETF Deathwatch due to improved health:
The 7 ETPs removed from ETF Deathwatch due to delisting: