Market insights and analysis

In July, 27 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 18 were removed, bringing the total up to 513.

Among the additions, 26 were due to low trading volume. The low volume in these products could be due to the nature of their investment product. One addition was due to low assets under management (“AUM”), though it 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.

Four products were removed due to delisting, and 14 products were removed due to improved health.

Forty-two ETPs on ETF 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 $8.47 million to $8.66 million, and 51 products had less than $2 million in assets. The average age of products on the list decreased from 44.65 months to 44.07 months, and the number of products at least 5 years of age decreased from 102 to 100. The largest ETP on the list had an AUM of $24.57 million, while the smallest had assets of just $452,900.

Here is the complete list of 513 ETPs on ETF Deathwatch for July 2024, compiled using the objective ETF Deathwatch Criteria.

ETPs added to ETF Deathwatch for July due to low trading volume:

1. FlexShares Real Assets Allocation Index Fund (ASET)
2. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI)
3. JPMorgan BetaBuilders 1-5 Year US Aggregate Bond ETF (BBSA)
4. Calamos Alternative Nasdaq & Bond ETF (CANQ)
5. DoubleLine Fortune 500 Equal Weight ETF (DFVE)
6. Matthews Emerging Markets Sustainable Future Active ETF (EMSF)
7. PGIM US Large-Cap Buffer 12 ETF - February (FEBP)
8. iShares iBonds Oct 2032 Term TIPS ETF (IBII)
9. iShares LifePath Target Date 2055 ETF (ITDG)
10. KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF)
11. KraneShares European Carbon Allowance Strategy ETF (KEUA)
12. KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO)
13. Harbor Health Care ETF (MEDI)
14. First Trust Flexible Municipal High Income ETF (MFLX)
15. IQ Mackay California Municipal Intermediate ETF (MMCA)
16. Tema Neuroscience and Mental Health ETF (MNTL)
17. LHA Market State Alpha Seeker ETF (MSVX)
18. MUSQ Global Music Industry ETF (MUSQ)
19. Innovator Premium Income 40 Barrier ETF - October (OCTQ)
20. PGIM US Large-Cap Buffer 20 ETF - February (PBFB)
21. VanEck Commodity Strategy ETF (PIT)
22. PGIM Jennison International Opportunities ETF (PJIO)
23. WisdomTree US SmallCap Quality Growth Fund (QSML)
24. FT Raymond James Multicap Growth Equity ETF (RJMG)
25. LAFFER I Tengler Equity Income ETF (TGLR)
26. Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares (XXCH)

ETP added to ETF Deathwatch for July due to low AUM:

1. WisdomTree US MidCap Quality Growth Fund (QMID)

ETPs removed from ETF Deathwatch due to delisting:

1. Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW)
2. Natixis Vaughan Nelson Mid Cap ETF (VNMC)
3. Direxion Daily Global Clean Energy Bull 2X Shares (KLNE)
4. DriveWealth NYSE 100 Index ETF (CETF)

ETPs removed from ETF Deathwatch due to improved health:

1. AB Corporate Bond ETF (EYEG)
2. Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI)
3. Texas Capital Texas Equity Index ETF (TXS)
4. Janus Henderson U.S. Real Estate ETF (JRE)
5. Franklin FTSE Germany ETF (FLGR)
6. JPMorgan International Value ETF (JIVE)
7. TrueShares Structured Outcome July ETF (JULZ)
8. Goldman Sachs ActiveBeta Europe Equity ETF (GSEU)
9. WisdomTree US Short Term Corporate Bond Fund (QSIG)
10. First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)
11. Cambria Cannabis ETF (TOKE)
12. -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB)
13. ProShares Ultra Consumer Staples (UGE)
14. KraneShares Hang Seng TECH Index ETF (KTEC)