Reality Shares Closing 2 ETFs
Issuer shutting down two of its smart beta funds.
Issuer Reality Shares is set to shutter two of its ETFs on Oct. 22. The Reality Shares Fundstrat DQM Long ETF (DQML) and the Reality Shares Nasdaq NexGen Economy China ETF (BCNA) each had less than $3 million in assets under management (AUM).
Reality Shares has seven ETFs, with a combined $189 million total in AUM. It launched its first funds in 2016. BCNA and DQML, which both launched in 2018, are the two smallest funds in the lineup.
Closures have kept up a brisk pace this year, with 90 completed so far.
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