Most 'Meta' ETF Closing

May 28, 2019

A little over two years ago, the first ETF to explicitly track the ETF industry made its debut. The fund offered exposure to ETF issuers, index providers, data providers and companies that service the ETF industry to support trading and liquidity.

Now the ETF Industry Exposure & Financial Services ETF (TETF) is set to see its last day of trading on June 18. The fund has a little more than $6 million in assets under management and significantly underperformed the SPDR S&P 500 ETF Trust (SPY) during the past 12 months.

TETF’s top holdings include MSCI, Intercontinental Exchange and Invesco, not to mention other important ETF names like BlackRock, S&P Global Indices and Cboe Global Markets, the parent company of ETF.com.

Contact Heather Bell at [email protected]

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