FYI: It’s getting more and more difficult to prevail in the crowded market for exchange-traded funds.
A record 58 ETFs were liquidated in the six months through June, marking the industry’s worst-ever start to a year, according to data compiled by Bloomberg. Multiple closures from Invesco Ltd., the fourth-largest U.S. issuer, and WisdomTree Investments Inc. pushed the number beyond the previous all-time high for the first six months of a year, reached in 2009 when 44 funds shuttered in the midst of the financial crisis.
Regards,
Ted
https://www.fa-mag.com/news/zombie-etfs-liquidated-at-record-pace-as-fee-war-starts-to-sting-45764.html?print
