More ETF Closures For August

August 21, 2017

Five more funds have either shut down or will be delisted before the end of the month. WisdomTree has delisted three of its actively managed ETFs, while Virtus will be shutting down its two asset allocation funds managed by Tuttle on Aug. 25.

The three WisdomTree funds saw their last day of trading on Aug. 16. and include the following:

The three funds had not gathered significant assets, and the newest one, UBND, had been launched in 2015.

Meanwhile, Virtus has the Tuttle Tactical Management U.S. Core ETF (TUTT) and the Tuttle Tactical Management Multi-Strategy Income ETF (TUTI) slated to see their last day of trading on Aug. 25. Both were launched in 2015, and although TUTT has $27 million in assets under management, it’s apparently not enough to keep the fund open.

As of the end of July, ETF closures for 2017 had actually outpaced 2016 during the same time period. However, August 2016 was a record-breaking month, with 41 fund closures. By comparison, August 2017 has been fairly sedate, with just three from WisdomTree and the two scheduled by Virtus.

Contact Heather Bell at [email protected]

 

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