Sometimes, a postmortem is in order.
Bloomberg has taken a stroll along what it calls the "Exchange Traded Fund Graveyard," to look at some of the categories biggest screw-ups in the hopes of finding some financial industry teaching moments.
The newswire notes that "there are now 337 exchange-traded funds pushing up the daisies. More than 40 percent of those deaths by Darwin took place in the last 18 months, when ETF inflows have broken records."
The newswire whistles past the graves of the following funds:
HealthShares Emerging Cancer (HHJ), Born 2007- Died 2008;
PowerShares DB Crude Oil 2X (DXO) 2008-2009;
DENT Tactical (DENT), 2009-2012;
FaithShares Christian Values (FOC), 2009-2011;
Guggenheim Airlines (FAA), 2009-2013;
iShares Diversified Alt Trust (ALT), 2009-2013;
Focus Morningstar Large Cap (FLG), 2011-2012, and the
Global X Fishing Industry (FISN), 2011-2012.
Read the lessons learned from these deaths in
Bloomberg.
Edited by:
Tommy Fernandez
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