Todd Rosenbluth, director of ETF research at S&P Capital IQ, believes that some of the ETFs that closed were too specialized and did not fit at the time. Alec Papazian, associate director at Cerulli, also points out that ETF closures so far have been smaller products that have not picked up momentum.
Year-to-date, 41 U.S.-listed exchange traded products, which include both ETFs and exchange traded notes, have closed while 71 new U.S.-listed ETPs have hit the market. In comparison, 164 ETPs launched in 2012, whereas 94 were delisted.
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Max Chen contributed to this article.