Closures and announcements of future closures are going strong in October. So far, eight closures have been completed this month, with another two announced for later this year.
The completed closures and their dates include the following:
Two more funds are set to close later this year. The iShares iBonds Dec 2019 Term Corporate ETF (IBDK) will shut down on Dec. 16, while the GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF (COMG) is set to close on Nov. 15. It should be noted that IBDK’s closure was scheduled essentially from the time it launched, as it is a target maturity ETF and its holdings are set to mature by the end of this year.
There were 92 closures in 2019 by the end of September. The October shutdowns and announced closures mean that we are guaranteed to see more than 100 ETF closings before the start of 2020.
Contact Heather Bell at [email protected]
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