Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

1st Quarter | 2022

Market insights and analysis


Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

In July, 14 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 12 were removed, bringing the total to 327.

Nine products were removed due to improved health and three were delisted.

One product was added to the list in July due to low assets under management (“AUM”) and 13 were added 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 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-six 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 stayed at $9.35 million, and 20 products had less than $2 million in assets. The average age of products on the list increased from 51.52 months to 51.74 months, and the number of products at least 5 years of age decreased from 105 to 103. The largest ETP on the list had an AUM of $24.5 million, while the smallest had assets of just $719,128.

Here is the Complete List of 327 ETFs and ETNs on ETF Deathwatch for July 2021 compiled using the objective ETF Deathwatch Criteria.

The 14 ETFs/ETNs added to ETF Deathwatch for July:

  1. AVDR US LargeCap Leading ETF (AVDR)
  2. Direxion Connected Consumer ETF (CCON)
  3. IM Dbi Hedge Strategy ETF (DBEH)
  4. AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC)
  5. Capital Link NextGen Vehicles & Technology ETF (EKAR)
  6. ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV)
  7. First Trust Nasdaq Pharmaceuticals ETF (FTXH)
  8. iShares iBonds Dec 2029 Term Treasury ETF (IBTJ)
  9. Legg Mason Global Infrastructure ETF (INFR)
  10. SmartETFs Smart Transportation & Technology ETF (MOTO)
  11. Overlay Shares Hedged Large Cap Equity ETF (OVLH)
  12. Invesco PureBeta FTSE Emerging Markets ETF (PBEE)
  13. ProShares UltraShort Technology (REW)
  14. WisdomTree US Short Term High Yield Corporate Bond Fund (SFHY)

The 9 ETFs/ETNs removed from ETF Deathwatch due to improved health:

  1. AllianzIM US Large Cap Buffer20 Jul ETF (AZBL)
  2. FT Cboe Vest US Equity Deep Buffer ETF -Jul (DJUL)
  3. Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW)
  4. iShares iBonds Dec 2024 Term Treasury ETF (IBTE)
  5. John Hancock Multifactor Energy ETF (JHME)
  6. iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT)
  7. First Trust Municipal CEF Income Opportunity ETF (MCEF)
  8. Columbia Research Enhanced Value ETF (REVS)
  9. KraneShares Trust - Kraneshares Asia Pacific High Yield Bond ETF (KHYB)

The 3 ETFs/ETNs removed from ETF Deathwatch due to liquidation:

  1. iPath US Treasury 5-year Bull ETN (DFVL)
  2. iPath US Treasury 5-year Bear ETN (DFVS)
  3. Pacer Military Times Best Employers ETF (VETS)

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