Current market environment performance of dynamic, risk-managed investment solutions.
In May, 24 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 26 were removed, bringing the total to 524.
Twenty-three products were added to the list in May due to low trading volume. The low volume in these products could be due to the nature of their investment product. One product was added to the list due to low assets under management (“AUM”), though it may have enough AUM to keep it from closure. Our system takes into account both AUM and volume. If both remain low, these funds could be considered for closure.
Ten products were removed from the list due to improved health and 16 were delisted.
Forty 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 $9.04 million to $8.98 million, and 54 products had less than $2 million in assets. The average age of products on the list decreased from 42.26 months to 41.62 months, and the number of products at least 5 years of age decreased from 115 to 107. The largest ETP on the list had an AUM of $24.52 million, while the smallest had assets of just $339,600.
Here is the Complete List of 524 ETPs on ETF Deathwatch for May 2023 compiled using the objective ETF Deathwatch Criteria.
The 23 ETPs added to ETF Deathwatch for May due to low trading volume:
The 1 ETP added to ETF Deathwatch due to low AUM:
The 10 ETPs removed from ETF Deathwatch due to improved health:
The 16 ETPs removed from ETF Deathwatch due to delisting: