ETF Watch: 3 More Funds Set To Close

Two Guggenheim ETFs and an AdvisorShares ETF will be shuttered.

ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

Add some more closures to the more than 100 that have already occurred year-to-date in 2016. Another three funds are set to close by the end of the year.

Two were expected. The Guggenheim BulletShares 2016 Corporate Bond ETF (BSCG) and the Guggenheim BulletShares 2016 High Yield Corporate Bond ETF (BSJG) were launched with expiration dates, after all. The two funds invest in bonds that mature in the year 2016, so their closure at the end of the year, on Dec. 29, was basically a given.

However, the closure of the AdvisorShares EquityPro ETF (EPRO) was not as clear-cut. The actively managed global equity fund has about $15 million in assets under management and has been trading for almost three years. Actively managed ETFs, especially equity funds, have struggled to gain traction in the ETF market. EPRO will see its last day of trading on Oct. 21.

Contact Heather Bell at [email protected].

 

 

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.