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Thursday, April 17, 2014

How can you tell if your ETF 's in mortal danger ?

Well, for one, you could check out the updated list of nearly 300 imperiled ETF's compiled by Ron Rowland and displayed at the Invest with an Edge website.

How accurate is Rowland's analysis ?  To quote...
One of the primary purposes of ETF Deathwatch is to warn investors of potential closures. Of the thirteen ETF closures in March, twelve were on the list, implying that ETF Deathwatch is performing its duty. The one closure not identified as being in danger is somewhat of a mystery. The moderately successful Pax MSCI EAFE ESG Index ETF (EAPS) had more than $50 million in assets when Pax World announced the fund’s fate back in January. However, EAPS was far from a typical closure. Instead of shutting down and liquidating, it converted to an old fashion open-end mutual fund.

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