Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
In May, 54 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 12 were removed, bringing the total to 421.
The 12 ETPs removed were taken off due to improved health.
Fifty-three of the additions were due to low trading volume. The low volume in these products could be due to the nature of their investment product. The remaining addition was due to low assets under management (“AUM”). 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.
Thirty-seven ETPs on Deathwatch this month have been in the market for at least 10 years, including many short ETPs.
The average asset level of the threatened ETPs on ETF Deathwatch increased from $8.54 million to $8.98 million, and 41 products had less than $2 million in assets. The average age of products on the list decreased from 42.68 months to 40.71 months. The number of products at least 5 years of age increased from 88 to 92. The largest ETP on the list had an AUM of $24.99 million, while the smallest had assets of just $393,900.
Here is the Complete List of 421 ETPs on ETF Deathwatch for May 2022 compiled using the objective ETF Deathwatch Criteria.
The 53 ETPs added to ETF Deathwatch for May due to low trading volume:
The 1 ETP added to ETF Deathwatch due to low AUM:
The 12 ETPs removed from ETF Deathwatch: