ETFs Tracking JP Morgan Indexes Closing

Global X shutting pair of ETFs that track indexes from the financial services giant.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Two funds in the Global X lineup are set to see their last day of trading on July 5. The ETFs have assets under management (AUM) of about $5 million or less apiece.

The Global X JPMorgan Efficiente Index ETF (EFFE) and the Global X JPMorgan US Sector Rotator Index ETF (SCTO) both track indexes from J.P. Morgan and are ETFs of ETFs. They also both launched in October 2014.

The two closures will put Global X’s total ETF count at 68, with roughly $10 billion in AUM.

This year has been fairly brisk for closures, with the count at roughly 70 year to date. Last year’s record of 152 ETF shutdowns was somewhat distorted by the shutdown of 50 iPath ETNs in April, a one-time event unlikely to be repeated. Factoring out that unique mass closure, we are well ahead of last year’s pace.

Contact Heather Bell at [email protected]

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.