##  [# ETF Watch: More Fund Closures Coming](/sections/daily-etf-watch/etf-watch-more-fund-closures-coming) 

 

# ETF Watch: More Fund Closures Coming

 

 

 VanEck is shuttering two country ETFs in October.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Sep 26, 2016

 Edited by: ETF.com Staff

 

 

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Two more ETFs are slated to close come October, following eight closures last week. This time, it’s a pair of country ETFs by ETF issuer VanEck.

The [VanEck Vectors Gulf States Index ETF (MES)](https://www.etf.com/MES) and the [VanEck Vectors Indonesia Small-Cap ETF (IDXJ)](https://www.etf.com/IDXJ) are both slated to shutter Oct. 7.

MES, which came to market in 2008, has only $6.8 million in assets. The fund is pretty costly to own, with an expense ratio of 1% and an average trading spread of 2.16%—total cost of ownership of this fund is $216 per $10,000 invested.

MES’ only competing fund is the [WisdomTree Middle East Dividend Fund (GULF)](https://www.etf.com/GULF), which has $20 million in assets, and costs 0.88% in expense ratio. All-in costs for GULF, including trading spreads, are $151 per $10,000 invested.

The Indonesia fund, IDXJ, has gathered $5.9 million since it came to market in 2012. The fund trades with a wide average spread of 1.68%, which, combined with an expense ratio of 0.61%, makes the fund pretty costly to own, at about $229 per $10,000 invested.

IDXJ is one of only three Indonesia-focused ETFs, and the only one focused on small-cap equities.

*Contact Cinthia Murphy at* [*cmurphy@etf.com*](mailto:cmurphy@etf.com)



 

 

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