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Friday, July 5, 2019 ETF Attrition Balloons ETF attrition has reached never-before-seen levels, dwarfing even mid-financial-crisis closure rates.
"So-called zombie funds, which attract little trading activity or investment, are getting hit hard as competition ratchets up in the cutthroat ETF arena," the wire service writes, adding that nearly all of 2019's ETF liquidations were of funds with high expense ratios. "This particular outbreak in the fee war was the most violent I've ever seen," Eric Balchunas, an analyst at Bloomberg Intelligence, tells the wire service. "It scared a lot of people who might have had ETFs in registration." Printed from: MFWire.com/story.asp?s=59920 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |