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First Trust Exchange-Traded Fund VIII - First Trust Active Factor Small Cap ETF
By Ansh Chaudhary
The ETF Deathwatch decreased in size in May. Sixteen exchange-traded products ("ETPs") were added to the list, and 32 funds were removed. Twenty-one of those funds were removed due to increased health and 11 were due to asset managers closing their funds. That so many funds were removed from the Deathwatch in May was no surprise, considering the strong performance of the major U.S. indexes for the month.
The funds added to the list in May were a mix of niche products, most of which were actively managed strategies or inverse funds.