Senior Loan ETF Closes
Amplify ETFs closes its smallest fund.
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Friday was the last day of trading for one of Amplify ETFs’ six funds. The Amplify YieldShares Senior Loan and Income ETF (YESR) shut down with less than $4 million in assets under management.
The fund, which tracked an index of closed-end funds that invest in floating-rate senior loans, rolled out in August 2017, but never really gathered much in the way of assets. Additionally, its performance over its life span has been fairly dismal.
The closure brings the total number of ETF shutdowns for the year to 133, edging the number of closures ever closer to a new record for 2018.
Contact Heather Bell at [email protected]
