Current market environment performance of dynamic, risk-managed investment solutions.
For the month of October, the ETF Deathwatch increased to 516 exchange-traded products (“ETPs”): 31 ETPs were added to the list, and 35 were removed. Thirty products were removed due to delisting, while five products were removed due to improved health.
For October, 28 additions were due to low trading volume. Three additions were due to low assets under management (“AUM”). Low volume and/or AUM could indicate these ETFs may be at risk of closure, though low volume could also be due to the nature of the investment.
Forty-four ETPs on Deathwatch this month have been in the market for at least 10 years.
The average asset level of the threatened ETPs on ETF Deathwatch decreased from $8.73 million to $8.61 million, and 37 products had less than $2 million in assets. The average age of products on the list decreased from 45.53 months to 45.51 months, and the number of products at least 5 years of age decreased from 119 to 113. The largest ETP on the list had an AUM of $24.56 million, while the smallest had assets of just $500,000.
Here is the Complete List of 516 ETFs and ETNs on ETF Deathwatch for October 2023 compiled using the objective ETF Deathwatch Criteria.
The 28 ETPs added to ETF Deathwatch for October due to low trading volume:
The 3 ETPs added to ETF Deathwatch for October due to low AUM:
The 30 ETPs removed from ETF Deathwatch for October due to delisting:
The 5 ETPs removed from ETF Deathwatch for October due to improved health: