CXA - SPDR Nuveen Barclays CA Muni Bd ETF

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25.00
+0.01 (+0.04%)
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  • ETF.com10 months ago

    2016 A Record Year For ETF Closures

    This past year has been a record year for ETFs, and we don’t mean launches. The list of ETF/ETN closures has topped out at 128 products for 2016. That’s far beyond the 102 closures that represents the previous record. “This isn't a sign of weakness; it's a sign of health. The ETF industry is still in the throes of creative destruction,” said ETF.com CEO Dave Nadig regarding the high level of delistings. “It's far better that funds are closed than that they sit around becoming untradable zombies.”

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