ETF Stats for May 2011: 1,010 ETFs Fighting For Scraps
June 06, 2011 at 14:35 PM EDT
A steady onslaught of new product introductions continued in May along with the first closure of the year. Sponsors rolled out 36 new ETFs and three ETNs while retiring one ETN. The net addition of 38 brings the quantity of listed ETPs to 1,254 consisting of 1,089 ETFs and 165 ETNs. Currently, ETNs account for 13.2% of ETP listings, but only 1.5% of assets and 1.4% of trading activity. The quantity of actively-managed ETFs remained unchanged at just 34. The four-month streak of no closures ended in early May when Barclays called its 3x no-reset inverse S&P 500 ETN (BXDD) for redemption. With 156 new product introductions already in 2011, it is easy to envision a time when closures eventually . . . → Read More: ETF Stats for May 2011: 1,010 ETFs Fighting For Scraps
