Senior Loan ETF Closes

Senior Loan ETF Closes

Amplify ETFs closes its smallest fund.

ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

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]

 

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.