Current market environment performance of dynamic, risk-managed investment solutions.
In February, 15 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list, and 62 were removed, bringing the total down to 449.
Among the additions, 13 were due to low trading volume. The low volume in these products could be due to the nature of their investment product. Two additions were due to low assets under management (“AUM”), though they may have enough AUM to avoid closure. Our system takes into account both AUM and volume. If both remain low, these funds could be considered for closure.
Thirty products were removed due to delisting, and 32 products were removed due to improved health.
Thirty-nine 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 decreased from $8.68 million to $8.32 million, and 44 products had less than $2 million in assets. The average age of products on the list decreased from 48.24 months to 46.90 months, and the number of products at least 5 years of age decreased from 115 to 98. The largest ETP on the list had an AUM of $24.48 million, while the smallest had assets of just $492,500.
Here is the complete list of 449 ETPs on ETF Deathwatch for February 2024 compiled using the objective ETF Deathwatch Criteria.
The 13 ETPs added to ETF Deathwatch for February due to low trading volume:
The 2 ETPs added to ETF Deathwatch for February due to low AUM:
The 30 ETPs removed from ETF Deathwatch for February due to delisting:
The 32 ETPs removed from ETF Deathwatch for February due to improved health: