While 2014 was a big year for ETPs, some of the year's launches savored breakout success while others were shuttered even before December.
Four ETP launches in 2014 -- two ETFs and two ETNs -- crossed the $250 million asset milestone before the end of the year, says Aniket Ullal, founder of
For ETFs specifically, there were a total of 204 launches in the U.S. alone -- and 77 that were closed, according to First Bridge Data. Overall, 22 of the ETFs that launched in 2014 -- just over 10% -- had assets above $100 million by the end of the year.
“This shows the long odds that any new ETF faces in a crowded and competitive marketplace,” Ullal says. "However, in general these closures represent a healthy pruning of product portfolios. In 2015 we can expect to see a similar pace of activity."
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Winner: iShares Currency Hedged MSCI Japan ETF (HEWJ)
Expenses: 0.48%
Launch date: 1/31/2014
52-Wk High/Low: $29.01/$22.44
Current Total Assets: $282.74M
Average Trading Volume: 106,548
Winner: Credit Suisse FI Large Cap Growth Enhanced ETN (FLGE)
Expenses: 0.85%
Launch date: 6/11/2014
52-Wk High/Low: $119.75/$83.00
Current Total Assets: $591.88M
Average Trading Volume: 9,801
Winner: UBS AG FI Enhanced Large Cap Growth ETN (FBGX)
Expenses: 1.52%
Launch date: 6/11/2014
52-Wk High/Low: $116.95/$87.29
Current Total Assets: $668.97M
Average Trading Volume: 38,053
Winner: First Trust Dorsey Wright Focus ETF (FV)
Expenses: 0.95%
Launch date: 3/6/2014
52-Wk High/Low: $22.42/$17.39
Current Total Assets: $1.30B
Average Trading Volume: 483,475
Loser: Direxion Daily FTSE Europe Bear 3x Shares ETF (EURZ)
Expenses: 0.95%
Launch date: 1/5/2014
Close date: 9/23/2014
Last Price: $38.16
Ending Assets: $3.7M
Loser: EGShares TCW EM Short Term Investment Grade Bond ETF (SEMF)
Expenses: 0.65%
Launch date: 1/8/2014
Close date: 9/26/2014
Last Price: $19.96
Ending Assets: $3.99M
Loser: EGShares TCW EM Intermediate Term Investment Grade Bond (IEMF)
Expenses: 0.65%
Launch date: 1/8/2014
Close date: 9/30/2014
Last Price: $20.48
Ending Assets: $2M
Loser: EGShares TCW EM Long Term Investment Grade Bond ETF (LEMF)
Expenses: 0.65%
Launch date: 1/8/2014
Close date: 9/30/2014
Last Price: $20.62
Ending Assets: $2.1M
Loser: Direxion Daily Gold Bear 3x Shares (BARS)
Expenses: 1.56%
Launch date: 4/10/2014
Close date: 12/26/2014
Last Price: $47.25
Ending Assets: $5M
Note: As of 12/31/14. Sources: First Bridge Data, Morningstar, ETF Database