ETF Week: Closures Abound; 2 Funds Launch
There were several launches and closures this week.
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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]
