August 28, 2006 at 8:59 am by Tom Lydon
State Street reported on Friday it plans to liquidate an exchange traded fund. The ETF provider will stop trading SPDR O-Strip (OOO) after September 13th and return the proceeds to shareholders. The decision was made based on an ongoing business review.
ETF assets are up 16.7% since the beginning of the year and State Street launched 6 ETFs this past June.
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