The universe of U.S.-listed ETFs has expanded at a record pace in 2011, with more than 300 new products beginning to trade. This year has also seen some contraction, as a number of different issuers have shuttered products that failed to generate interest from investors. IndexIQ is the latest to pare its lineup, as the company has announced it will close three of its international equity ETFs before the end of the year. The ETFs to be closed are: IQ Taiwan Small Cap ETF (TWON) IQ Hong Kong Small Cap ETF (HKK) IQ Japan Mid Cap ETF (RSUN) [For updates on closing ETFs and analysis of new ETFs, sign up for the free ETFdb newsletter] The three ETFs have combined assets of only about $5 million, which represents only a small fraction of the company’s total. None of the three was around for very long; TWON debuted in May 2010, [...] Click here to read the original article on ETFdb.com. Related Posts: First Small Cap REIT ETF Debuts: ROOF 2011: A Year Of ETF Firsts Six Noteworthy ETF Innovations iShares Planning Small Cap Country ETFs IndexIQ Launches Mid Cap Emerging Markets ETF (EMER)
The universe of U.S.-listed ETFs has expanded at a record pace in 2011, with more than 300 new products beginning to trade. This year has also seen some contraction, as a number of different issuers have shuttered products that failed to generate interest from investors. IndexIQ is the latest to pare its lineup, as the company has announced it will close three of its international equity ETFs before the end of the year. The ETFs to be closed are: IQ Taiwan Small Cap ETF (TWON) IQ Hong Kong Small Cap ETF (HKK) IQ Japan Mid Cap ETF (RSUN) [For updates on closing ETFs and analysis of new ETFs, sign up for the free ETFdb newsletter] The three ETFs have combined assets of only about $5 million, which represents only a small fraction of the company’s total. None of the three was around for very long; TWON debuted in May 2010, [...]
Click here to read the original article on ETFdb.com.
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