ETF issuer O’Shares has announced it will be shutting down two of its half-dozen ETFs as of Dec. 20. The O'Shares FTSE Asia Pacific Quality Dividend ETF (OASI) and the O'Shares FTSE Russell International Quality Dividend ETF (ONTL) both have less than $13 million in total assets under management.
OASI launched in August 2015, while ONTL rolled out in March 2017.
This year has been another record year for ETF closures, with at least 143 completed so far. Last year, there were just shy of 140 ETF shutdowns. A handful of additional closures are set for the remaining weeks of 2018.
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