Market insights and analysis

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

3rd Quarter | 2021

Market insights and analysis

rss

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

etf deathwatch logo

The ETF Deathwatch list remained the same size in May. Twenty-two exchange-traded products (“ETPs”) were added and 22 were removed.

Twenty-one of the products removed were due to improved health. One was delisted.

Two of the products that were added to the list in May were due to low assets under management (“AUM”). The other 20 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 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-one ETPs on Deathwatch 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 decreased from $9.84 million to $9.60 million, and 21 products had less than $2 million in assets. The average age of products on the list decreased from 55.32 to 54.44, and the number of products at least 5 years of age increased from 103 to 105. The largest ETP on the list had an AUM of $24.96 million, while the smallest had assets of just $712,132.

Here is the Complete List of 294 ETFs and ETNs on ETF Deathwatch for May 2021 compiled using the objective ETF Deathwatch Criteria.

The 22 ETFs/ETNs added to ETF Deathwatch for May:

  1. Emles Made in America ETF (AMER)
  2. Changebridge Capital Sustainable Equity ETF (CBSE)
  3. TrueShares Structured Outcome December ETF (DECZ)
  4. Emles Protective Allocation ETF (DEFN)
  5. Emles Federal Contractors ETF (FEDX)
  6. Direxion High Growth ETF (HIPR)
  7. iShares iBonds 2026 Term High Yield and Income ETF (IBHF)
  8. iShares Virtual Work & Life Multisector ETF (IWFH)
  9. Amplify Pure Junior Gold Miners ETF (JGLD)
  10. Amplify Pure Junior Gold Miners ETF (JGLD)
  11. Leatherback Long/Short Alternative Yield ETF (LBAY)
  12. Emles @Home ETF (LIV)
  13. Emles Luxury Goods ETF (LUXE)
  14. VanEck Vectors Moodys Analytics IG Corporate ETF (MIG)
  15. Qraft AI-Enhanced US Next Value ETF (NVQ)
  16. Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Convexity ETF (QQC)
  17. Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Downside Convexity ETF (QQD)
  18. Simplify US Equity PLUS Upside Convexity ETF (SPUC)
  19. SmartETFs Sustainable Energy II ETF (SULR)
  20. Trend Aggregation Conservative ETF (TACE)
  21. Ecofin Digital Payments Infrastructure Fund (TPAY)
  22. United States 12 Month Natural Gas Fund LP (UNL)

The 21 ETFs/ETNs removed from ETF Deathwatch due to improved health:

  1. Qraft AI-Enhanced US Large Cap Momentum ETF (AMOM)
  2. AllianzIM US Large Cap Buffer20 Apr ETF (AZBA)
  3. Innovator S&P 500 Buffer ETF-May (BMAY)
  4. UBS AG FI Enhanced Global High Yield ETN (FIHD)
  5. Franklin LibertyQ Emerging Markets ETF (FLQE)
  6. First Trust Multi-Manager Large Growth ETF (MMLG)
  7. Nuveen ESG Large-Cap ETF (NULC)
  8. IQ Hedge Long/Short Tracker ETF (QLS)
  9. First Trust Exchange-Traded Fund VI-Developed International Equity Select ETF (RNDM)
  10. Innovator S&P 500 Ultra Buffer ETF-May (UMAY)
  11. Impact Shares YWCA Women's Empowerment ETF (WOMN)
  12. Armor US Equity Index ETF (ARMR)
  13. AllianzIM US Large Cap Buffer10 Apr ETF (AZAA)
  14. Proshares Equities For Rising Rates ETF (EQRR)
  15. First Trust Global Engineering and Construction ETF (FLM)
  16. VanEck Vectors Morningstar Global Wide Moat ETF (GOAT)
  17. Xtrackers High Beta High Yield Bond ETF (HYUP)
  18. iShares iBonds Dec 2026 Term Treasury ETF (IBTG)
  19. Invesco Growth Multi-Asset Allocation ETF (PSMG)
  20. Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM)
  21. IQ Hedge Event-Driven Tracker ETF (QED)

The 1 ETF/ETN removed from ETF Deathwatch due to delisting:

  1. WBI Bullbear Trend Switch US Total Return ETF (WBIN)



Comments are closed.