Emerging Global Advisors, the exchange traded funds issuer behind a lineup of all emerging markets ETFs, recently closed four ETFs, including three that launched earlier this year.
Tuesday Sept. 30 was the last trading day for the EGShares TCW EM Short Term Investment Grade Bond ETF (NYSEArca: SEMF), EGShares TCW EM Intermediate Term Investment Grade Bond ETF (NYSEArca: IEMF), and EGShares TCW EM Long Term Investment Grade Bond ETF (NYSEArca: LEMF).
Those ETFs launched in early January via a partnership between EGShares and California-based mutual fund provider TCW. EGShares also closed the EGShares China Infrastructure ETF (NYSEArca: CHXX).
The four ETFs closed by EGShares represent less than 1% of the firm’s assets under management, according to a release issued by the company. IEMF, LEMF and SEMF represented TCW’s first foray into the ETF space. The company has several successful emerging markets bond mutual funds.