ETF Odds & Ends: First Closures And More

January 19, 2021

Last week was marked by the first closures of the new year, with Northern Trust shutting down two of the funds in its FlexShares family. The FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund (TLDH) and the FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund (TLEH) saw their last day of trading on Jan. 15. These closures come on the heels of a record year in 2020 with roughly 275 ETFs meeting their ends.

There was also a variety of ETF launches in addition to the others has covered. Their names, tickers, launch dates and expense ratios are as follows:

Finally, KraneShares announced some major changes to its KraneShares E Fund China Commercial Paper ETF (KCNY). As of April 1, the fund will change its name and ticker to the KraneShares Bloomberg Barclays China Bond Inclusion Index ETF (KBND) and will further swap out its current index, the CSI Diversified High Grade Commercial Paper Index, to adopt the Bloomberg Barclays China Inclusion Focused Bond Index as its benchmark.

Contact Heather Bell at [email protected]

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