Exchange traded funds tracking U.S. stocks and precious metals were little changed in Thursday’s premarket as volume slows down before the long holiday weekend.
Some narrowly focused ETFs that have failed to gather significant assets may be doomed to fail, The Wall Street Journal reported Thursday.
“Often designed as vehicles for narrow investment niches—from dividend-paying stocks in the Middle East to fishing-industry shares—these ETFs are learning the hard way that they sliced the market a little too thinly,” WSJ reported.
Some ETF providers are hoping small funds can hang on and gather assets, while other sponsors are throwing in the towel and closing funds, according to the article. [Global X to Liquidate 8 ETFs]
Here’s a look at the other top ETF stories making the rounds online this morning:
- Gold ETF holdings hit 1-month low. [Bloomberg]
- Widening ETF executions. [The Street]
- A visit to the ETF graveyard. [Index Universe]
- Brent oil ETF in focus. [Zacks Investment Research]
- Thursday’s ETF chart to watch: iShares Barclays 20+ Year Treasury (TLT). [ETFdb]
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