iShares To Close 10 ETFs

February 24, 2014

In late January, iShares said that it was shuttering 10 All Country World Index (ACWI) ex-U.S. sector funds after the close of business on March 25, 2014, the result of weak asset gathering since the funds were launched more than three years ago.

The 10 funds, which altogether had about $54 million in assets at the time of the announcement, were brought to market on July 13, 2010.

The funds getting the axe, and their total assets under management in late January, include:

  • iShares MSCI ACWI ex U.S. Consumer Discretionary (AXDI | F-61), $4.25 million
  • iShares MSCI ACWI ex U.S. Consumer Staples (AXSL | D-61), $7.71 million
  • iShares MSCI ACWI ex U.S. Energy (AXEN | F-78), $5.33 million
  • iShares MSCI ACWI ex U.S. Financials (AXFN | F-67), $5.16 million
  • iShares MSCI ACWI ex U.S. Healthcare (AXHE | D-65), $12.42 million
  • iShares MSCI ACWI ex U.S. Industrials (AXID | F-63), $3.37 million
  • iShares MSCI ACWI ex U.S. Information Technology (AXIT | F-62), $3.35 million
  • iShares MSCI ACWI ex U.S. Materials (AXMT | F-60), $2.45 million
  • iShares MSCI ACWI ex U.S. Telecommunication Services (AXTE | D-64), $3.18 million
  • iShares MSCI ACWI ex U.S. Utilities (AXUT | D-74), $6.6 million

In 2013, iShares had its first closure in more than a decade when it shut down the iShares Diversified Alternatives ETF (ALT).

 

Find your next ETF

Reset All