ETF Week: Closures Abound; 2 Funds Launch

Aug 17, 2018

Reviewed by: etf.com Staff

Edited by: etf.com Staff

It was yet another busy summer week in the ETF industry. Only two funds launched, but a significant number of launches were announced and even more completed. Plus a pair of leveraged/inverse ETFs tied to the new communication services sector was put into registration.

Below is a roundup of the key developments in the ETF space during the week of Aug. 13, 2018:

Launches

Loncar Investments rolled out an ETF targeting China’s biopharmaceutical companies
Perth Mint debuts its own low-cost physical gold fund

Closures

BlackRock’s iShares unit shuts down 16 ETFs representing currency-hedged, smart-beta and multifactor strategies
Two pending closures are announced for Aug. 24 and Oct. 10
Five ETF shutdowns planned by United States Commodity Funds and Hartford Funds

Filings

Direxion files for a pair of leveraged/inverse ETFs tracking the communication services sector

Contact Heather Bell at [email protected]

etf.com Staff

| Contact: [email protected]

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