MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, July 18, 2008 ETF Launches Continue at Fast Clip Launches of new ETFs continued at a fast clip in the month of June, but for the second time this year, there were liquidations to report. According to State Street Global Advisors' monthly ETF snapshot, 22 new ETFs were dropped onto the market in June, down one from May's 23. The number of launches has accelerated over the last six-month period however, with five launches in January, 10 in February, 10 in March and 16 in April. Seven ETFs were liquidated in the month of June. Those seven were XShares Advisors' Adelante Shares, which had a combined $17 million in assets. The last time there was a ETF liquidation was in February when Claymore liquidated 11 portfolios. Printed from: MFWire.com/story.asp?s=18785 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |