ETF Stats for November 2012 – Listing Count Increases

Page 1 of 2

The number of exchange traded product (“ETP”) listings increased in November, ending the record-breaking three-month streak of declines.  Nine new introductions and three closures put the month-end count at 1,445 (1,235 ETFs and 210 ETNs).  This is below the quantity of 1,457 at the end of April, putting product growth in negative territory the past seven months.   It is also 45 less than the all time high of 1,490 established August 15, 2012.

ETF Stats for November 2012 – Listing Count Increases

Does this imply the recent consolidation is over?  Not by a long shot. There are currently 359 products with less than $10 million in assets. Some analysts believe the break-even point for ETFs could be as high as $75 million to $100 million.  There are clearly hundreds of unprofitable ETFs and ETNs on the market.  Additional closures are inevitable.  It would be premature to claim the industry consolidation is over.

The calendar year closure count stands at 92 as of the end of November.  At least six more products intend to close in December.  If two more decide to admit defeat, then the 2012 count could reach 100.

Assets increased +2.1% in November to $1.3 trillion.  Only 26 ETFs have assets exceeding $10 billion, but they account for more than half (50.4%) of all ETP assets.  The quantity of ETPs above the $1 billion threshold now number 179, six more than a month ago.  These 179 represent just 12.4% of the quantity of listed products while grabbing 88.1% of the assets.

Trading activity picked up for the third month in a row with total dollar volume reaching $1.2 trillion. SPDR S&P 500 (NYSEARCA:SPY) was responsible for 35.2% of all ETP dollars traded.

ETPs averaging more than $1 billion per day in dollar volume held steady at six while capturing a 54.0% share.  Products averaging more than $100 million per day declined from 68 to 63 while capturing 87.4% of trading activity.

November 2012 Month End ETFs ETNs Total
Currently Listed U.S. 1,235 210 1,445
Listed as of 12/31/2011 1,166 203 1,369
New Introductions for Month 4 5 9
Delistings/Closures for Month 3 0 3
Net Change for Month +1 +5 +6
New Introductions 6 Months 45 10 55
New Introductions YTD 145 23 168
Delistings/Closures YTD 76 16 92
Net Change YTD +69 +7 +76
Actively-Managed Listings 55 - 55
Assets Under Mgmt ($ billion) $1,298 $16.6 $1,314
% Change in Assets for Month +2.2% -3.8% +2.1%
Qty AUM > $10 Billion 26 0 26
Qty AUM > $1 Billion 176 3 179
Qty AUM > $100 Million 549 22 571
Monthly $ Volume ($ billion) $1,167 $32.3 $1,200
% Change in Monthly $ Volume +7.8% +20.5% +8.2%
Avg Daily $ Volume > $1 Billion 5 1 6
Avg Daily $ Volume > $100 Million 61 2 63
Avg Daily $ Volume > $10 Million 216 9 225
Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!