Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2021

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

In November, 30 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and nine were removed, bringing the total to 348.

Eight products were removed due to improved health and one was delisted.

All but one of the additions for the month were due to low trading volume. The low volume in these products could be due to the nature of their investment product. The other 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.

Forty-four 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 $10.0 million to $9.76 million, and 21 products had less than $2 million in assets. The average age of products on the list decreased from 52.2 months to 50.17 months. The number of products at least 5 years of age increased from 101 to 104. The largest ETP on the list had an AUM of $24.95 million, while the smallest had assets of just $685,760.

Here is the Complete List of 348 ETFs and ETNs on ETF Deathwatch for November 2021 compiled using the objective ETF Deathwatch Criteria.

The 30 ETPs added to ETF Deathwatch for October:

  1. Merlyn AI Best-of-Breed Core Momentum ETF (BOB)
  2. Invesco BulletShares 2028 Municipal Bond ETF (BSMS)
  3. The De-SPAC ETF (DSPC)
  4. First Trust TCW ESG Premier Equity ETF (EPRE)
  5. Fat Tail Risk ETF (FATT)
  6. Fidelity Investment Grade Bond ETF (FIGB)
  7. Franklin FTSE Australia ETF (FLAU)
  8. First Trust Global Engineering and Construction ETF (FLM)
  9. FOMO ETF (FOMO)
  10. Strategy Shares Gold-Hedged Bond ETF (GLDB)
  11. CP High Yield Trend ETF (HYTR)
  12. First Trust Innovation Leaders ETF (ILDR)
  13. JPMorgan Carbon Transition U.S. Equity ETF (JCTR)
  14. John Hancock Multifactor Media and Communications ETF (JHCS)
  15. John Hancock Multifactor Materials ETF (JHMA)
  16. TrueShares Structured Outcome July ETF (JULZ)
  17. TrueShares Structured Outcome June ETF (JUNZ)
  18. KraneShares MSCI China ESG Leaders Index ETF (KESG)
  19. KraneShares Hang Seng TECH Index ETF (KTEC)
  20. LGBTQ+ ESG100 ETF (LGBT)
  21. 2ndVote Life Neutral Plus ETF (LYFE)
  22. ETFMG US Alternative Harvest ETF (MJUS)
  23. WisdomTree Emerging Markets Efficient Core Fund (NTSE)
  24. Putnam Sustainable Future ETF (PFUT)
  25. Putnam Focused Large Cap Growth ETF (PGRO)
  26. Putnam Sustainable Leaders ETF (PLDR)
  27. Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL)
  28. Pacer Swan SOS Moderate April ETF (PSMR)
  29. WisdomTree BioRevolution Fund (WDNA)
  30. Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP)

The 8 ETPs removed from ETF Deathwatch due to improved health:

  1. FI Enhanced Global High Yield ETN/UBS (FIHD)
  2. John Hancock Multifactor Consumer Staples ETF (JHMS)
  3. PIMCO RAFI ESG US ETF (RAFE)
  4. Innovator U.S. Equity Ultra Buffer ETF - November (UNOV)
  5. iPath Series B Bloomberg Natural Gas Subindex Total Return ETN (GAZ)
  6. iPath Series B Bloomberg Aluminum Subindex Total Return ETN (JJU)
  7. Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Convexity ETF (QQC)
  8. ProShares UltraPro Short MidCap400 (SMDD)

The 1 ETP removed from ETF Deathwatch due to delisting:

  1. Defiance Nasdaq Junior Biotechnology ETF (IBBJ)



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