2 More ETFs Closing Down

October 21, 2019

Two more ETFs are closing down, bringing to six the number of funds already shuttered in October. So far this year, 92 ETFs have already been liquidated.

The WisdomTree Global ex-Mexico Equity Fund (XMX) last traded today. XMX was a market-cap-weighted basket of the 2,000 largest firms in developed and emerging markets, excluding companies in Mexico. Launched in 2017, the fund had only about $3 million at closure, failing to reach a broad audience.

Next up, closing on Nov. 15, is the GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF (COMG). The index-tracking strategy that employs an actively managed overlay was designed to outperform the broader commodity space. COMG is built around an index that tracks 24 different commodities futures contracts.

Launched in 2017, COMG had about $6 million in total assets in mid-October. Some of COMG’s biggest competitors include the Invesco DB Commodity Index Tracking Fund (DBC).

 

CONG vs, DBC

Cinthia Murphy can be reached at [email protected].

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