Market insights and analysis

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

1st Quarter | 2022

Market insights and analysis


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

In October, 17 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 20 were removed, bringing the total to 327.

Eleven products were removed due to improved health and nine were 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 increased from $9.61 million to $10.0 million, and 22 products had less than $2 million in assets. The average age of products on the list increased from 51.76 months to 52.2 months. The number of products at least 5 years of age stayed at 101. The largest ETP on the list had an AUM of $24.90 million, while the smallest had assets of just $800,336.

Here is the Complete List of 327 ETFs and ETNs on ETF Deathwatch for October 2021 compiled using the objective ETF Deathwatch Criteria.

The 17 ETPs added to ETF Deathwatch for October:

  1. Pacer CSOP FTSE China A50 ETF (AFTY)
  2. Loncar China Biopharma ETF (CHNA)
  3. Distillate International Fundamental Stability & Value ETF (DSTX)
  4. AdvisorShares Restaurant ETF (EATZ)
  5. Global X Education ETF (EDUT)
  6. Global X MSCI SuperDividend EAFE ETF (EFAS)
  7. First Trust Brazil AlphaDEX Fund (FBZ)
  8. First Trust China AlphaDEX Fund (FCA)
  9. FI Enhanced Global High Yield ETN/UBS (FIHD)
  10. Formidable ETF (FORH)
  11. Invesco MSCI Green Building ETF (GBLD)
  12. Defiance Nasdaq Junior Biotechnology ETF (IBBJ)
  13. iShares iBonds Dec 2028 Term Treasury ETF (IBTI)
  14. iPath Series B Bloomberg Energy Subindex Total Return ETN (JJE)
  15. Sound Equity Income ETF (SDEI)
  16. Virtus Newfleet ABS/MBS ETF (VABS)
  17. Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD)

The 11 ETPs removed from ETF Deathwatch due to improved health:

  1. Franklin FTSE Russia ETF (FLRU)
  2. Invesco PureBeta FTSE Developed ex-North America ETF (PBDM)
  3. TrueShares Structured Outcome September ETF (SEPZ)
  4. Invesco S&P 500 Minimum Variance ETF (SPMV)
  5. Pacer American Energy Independence ETF (USAI)
  6. AdvisorShares STAR Global Buy-Write ETF (VEGA)
  7. Affinity World Leaders Equity ETF (WLDR)
  8. FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD)
  9. Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Downside Convexity ETF (QQD)
  10. United States 12 Month Natural Gas Fund LP (UNL)
  11. First Trust Exchange-Traded Fund VIII-FT Cboe Vest International Equity Buffer E (YDEC)

The 9 ETPs removed from ETF Deathwatch due to delisting:

  1. Emles Protective Allocation ETF (DEFN)
  2. VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG)
  3. RiverFront Dynamic Unconstrained Income ETF (RFUN)
  4. VictoryShares Protect America ETF (SHLD)
  5. Trend Aggregation Growth ETF (TAAG)
  6. EquityCompass Tactical Risk Manager ETF (TERM)
  7. Global X TargetIncome 5 ETF (TFIV)
  8. Global X TargetIncome Plus 2 ETF (TFLT)
  9. VictoryShares Top Veteran Employers ETF (VTRN)

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