ETF Watch: 2 Closures Announced

June 12, 2017

Barclays’ iPath just closed down one of its ETNs, and ALPS has announced the impending closure of one of its ETFs. More than 30 ETFs have been shuttered already this year, which is roughly in line with last year’s closure rate.

The iPath Short Enhanced MSCI Emerging Markets Index ETN (EMSA) was terminated on June 8 and is set to be automatically redeemed on June 15. The ETN, which offered variable short exposure to the MSCI Emerging Markets Index, was launched in 2010 and never gathered significant assets.

Also, ALPS is planning to close down its US Equity High Volatility Put Write Index Fund (HVPW); the fund’s last day of trading is set for June 23. The fund has some $30 million in assets under management, but its price has fallen in the years following its 2013 launch. Given that the fund targets high-volatility securities for its options writing at a time when volatility is at historical lows, ALPS may feel there is not much demand for such a strategy.

Contact Heather Bell at [email protected].

 

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