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 September, 18 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 17 were removed, bringing the total to 331.

Ten products were removed due to improved health and seven were delisted.

All 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. These ETPs may have enough assets under management (“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-five 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 $9.71million to $9.61 million, and 20 products had less than $2 million in assets. The average age of products on the list decreased from 51.81 months to 51.76 months. The number of products at least 5 years of age stayed at 101. The largest ETP on the list had an AUM of $24.42 million, while the smallest had assets of just $696,346.

Here is the Complete List of 331 ETFs and ETNs on ETF Deathwatch for September 2021 compiled using the objective ETF Deathwatch Criteria.

The 18 ETPs added to ETF Deathwatch for September:

  1. TrueShares Structured Outcome April ETF (APRZ)
  2. AllianzIM US Large Cap Buffer20 Apr ETF (AZBA)
  3. Democracy International Fund (DMCY)
  4. Franklin LibertyQ Emerging Markets ETF (FLQE)
  5. Fidelity U.S. Multifactor ETF (FLRG)
  6. Fidelity Investment Grade Securitized ETF (FSEC)
  7. Qraft AI-Enhanced US High Dividend ETF (HDIV)
  8. Innovator International Developed Power Buffer ETF - April (IAPR)
  9. John Hancock Corporate Bond ETF (JHCB)
  10. iPath Series B Bloomberg Grains Subindex Total Return ETN (JJG)
  11. Mairs & Power Minnesota Municipal Bond ETF (MINN)
  12. MicroSectors Cannabis 2X Leveraged ETN (MJO)
  13. Corbett Road Tactical Opportunity ETF (OPPX)
  14. Pacer Swan SOS Conservative April ETF (PSCW)
  15. Pacer Swan SOS Flex April ETF (PSFM)
  16. Syntax Stratified US Total Market ETF (SYUS)
  17. AdvisorShares STAR Global Buy-Write ETF (VEGA)
  18. Innovator US Equity Accelerated ETF - April (XDAP)

The 10 ETPs removed from ETF Deathwatch due to improved health:

  1. AVDR US LargeCap Leading ETF (AVDR)
  2. First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA)
  3. TrueShares Structured Outcome July ETF (JULZ)
  4. Innovator U.S. Equity Buffer ETF - November (BNOV)
  5. First Trust EIP Carbon Impact ETF (ECLN)
  6. iShares Currency Hedged MSCI Canada ETF (HEWC)
  7. Emles Luxury Goods ETF (LUXE)
  8. Invesco Conservative Multi-Asset Allocation ETF (PSMC)
  9. Small Cap US Equity Select ETF (RNSC)
  10. ProShares Short FTSE China 50 (YXI)

The 7 ETPs removed from ETF Deathwatch due to delisting:

  1. Direxion Connected Consumer ETF (CCON)
  2. Direxion MSCI USA ESG - Leaders vs Laggards ETF (ESNG)
  3. PGIM QMA Strategic Alpha Large Cap Core ETF (PQLC)
  4. PGIM QMA Strategic Alpha Small Cap Growth ETF (PQSG)
  5. PGIM QMA Strategic Alpha Small Cap Value ETF (PQSV)
  6. WisdomTree US Short Term High Yield Corporate Bond Fund (SFHY)
  7. Trend Aggregation Conservative ETF (TACE)



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