##  [# VanEck Closing 2 ETFs](/sections/daily-etf-watch/vaneck-closing-2-etfs) 

 

# VanEck Closing 2 ETFs

 

 

VanEck will be shutting two of its smaller funds.



 

 

 

 

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

 Jun 27, 2018

 Edited by: ETF.com Staff

 

 

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The U.S. ETF industry continues to head toward another record-breaking year for closures with the news from VanEck that it will be closing down two of its ETFs. The [VanEck Vectors Spin-Off ETF (SPUN)](https://www.etf.com/SPUN) and the [VanEck Vectors EM Investment Grade + BB Rated USD Sovereign Bond ETF (IGEM)](https://www.etf.com/igem) will see their last days of trading on July 31.

SPUN, launched about three years ago, has roughly $5 million in assets under management, while IGEM, which rolled out two years ago, has less than $12 million. The issuer last shut down four ETFs in October 2017.

With about 100 completed ETF closures before 2018 even hits the halfway mark, and another 20 or so already scheduled, it’s highly unlikely we won’t break the previous record set in 2017 of 138 shutdowns. It should also be noted that 2016 was a record year for ETF shutdowns, seeing 128 for the year.

But don’t forget that this year got a rather extraordinary boost from the closure of 50 of Barclays’ iPath ETNs back in April.

Launches are also showing significant strength compared to last year, with 101 completed by this time in 2017 versus 119 so far this year.

*Contact Heather Bell at <hbell@etf.com>*



 

 

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