ETF Stats for May 2010 – Listings Decline for First Time in a Year
Tuesday, June 1st, 2010Ron Rowland submits:
Nine new ETFs launched in May and no new ETNs. A dozen ETFs closed, producing a net decline of three exchange traded products (ETPs) for the month. This is the first drop in the number of listings since May of 2009 when the count fell by 14, the largest monthly decline ever.
A total of 93 new ETPs launched in the first five months of 2010, which falls far short of the pace set in 2007 when 153 new products had come to market by this point. Calendar year 2008 had 107 new ETP introductions through May, so 2010 is shaping up to be the third most prolific year for new product launches.
