September 26, 2012 at 05:00 AM EDT
Global X to Close 4 ETFs
Global X, the New York-based issuer of many international and specialized funds, announced recently that it will close out four of its ETFs that have not attracted assets compared to their other popular funds like the SIL and GXG. October 18 will be the last day of trading for these ETFs: Aluminum ETF (ALUM): Even though it was the most heavily-traded ETF of this bunch it was still only traded 2,600 shares a day, while the majority of Global X’s 35 ETFs more than doubling that. Auto ETF (VROM): The largest ETF on the chopping block, VROM had only $2.6 million in assets. VROM’s specified interest in the auto industry can also be found in CARZ, a First Trust ETF, which follows the most liquid auto manufacturers around the world. NASDAQ 500 ETF Profile (QQQV): This straightforward ETF, like QQQM, is not even a year old and just never came into its [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Closures Continue: Global X To Shutter Eight Funds Global X Debuts NASDAQ ETFs: QQQM, QQQV Mid Day Roundup: Markets Drift Higher On Mixed Data Australia, Auto ETFs In Focus On May Day December ETF Roundup: Launches, Filings, and Closures
Global X, the New York-based issuer of many international and specialized funds, announced recently that it will close out four of its ETFs that have not attracted assets compared to their other popular funds like the SIL and GXG. October 18 will be the last day of trading for these ETFs: Aluminum ETF (ALUM): Even though it was the most heavily-traded ETF of this bunch it was still only traded 2,600 shares a day, while the majority of Global X’s 35 ETFs more than doubling that.  Auto ETF (VROM): The largest ETF on the chopping block, VROM had only $2.6 million in assets. VROM’s specified interest in the auto industry can also be found in CARZ, a First Trust ETF, which follows the most liquid auto manufacturers around the world. NASDAQ 500 ETF Profile (QQQV): This straightforward ETF, like QQQM, is not even a year old and just never came into its [...]

Click here to read the original article on ETFdb.com.

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