Six More ETP Closures For 2012

Six More ETP Closures For 2012Six more exchange traded product (“ETP”) delistings are scheduled to occur before the end of the year.  The closures include two ETFs from Guggenheim and four VelocityShares ETNs issued by Credit Suisse.

There is always the possibility of some additional last-minute closures, but as it stands now, 2012 will likely see 102 ETP closures and become the first year the death toll reaches triple digits.

Anticipated closures include:

1. Guggenheim BulletShares 2012 Corporate Bond (BSCC) will have its last day of trading December 28, 2012 due to its planned maturity and liquidation (Guggenheim press release).

2. Guggenheim BulletShares 2012 High Yield Corporate Bond (BSJC) will have its last day of trading December 28, 2012 due to its planned maturity and liquidation.

3. VelocityShares 2x Long Palladium ETN (LPAL) will have its last day of trading December 28, 2012.

4. VelocityShares 2x Inverse Palladium ETN (IPAL) will have its last day of trading December 28, 2012.

5. VelocityShares 2x Long Copper ETN (LCPR) will have its last day of trading December 31, 2012.

6. VelocityShares 2x Inverse Copper ETN (SCPR) will have its last day of trading December 31, 2012.

The two Guggenheim ETFs are healthy products that have reached maturity and are gracefully closing per the plan in place since their launch.  Guggenheim BulletShares 2011 Corporate Bond ETF (former ticker BSCB) was the first ETF to close in a graceful manner.  The four VelocityShares failed to attract any investor interest.  They average less than $0.7 million in assets and are on ETF Deathwatch.

Some discrepancies my arise as to whether the closings of LCPR and SCPR are listed as 2012 or 2013.  Some analysts track inception and closure dates differently than we do.  Our process is very easy to understand; an ETP is born on the day it first becomes listed and available for purchase on a U.S. exchange.  An ETP dies on the last day it is listed on a U.S. exchange.  Any other dates are meaningless to investors if the ETP is not listed and available for trading while the markets are open.

The complete list of 2012 closures will be published once the list is finalized.  As stated previously, the death toll for 2012 is currently estimated to be 102.  In comparison, there were 38 closures in 201149 closures in 201056 closures in 2009, and 58 closures in 2008.

This article was originally written by Ron Rowland, and posted on InvestWithAnEdge.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

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!