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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways 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

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!