Less than a year after coming to market, the Global X Iconic U.S. Brands ETF (BATS: LOGO) will liquidate.
LOGO will stop trading at the end of the trading day on Friday, September 28, 2018 and will liquidate on or about Friday, October 5, 2018.
The ETF tracks the Accuvest Iconic U.S. Brands Index, offering exposure to the most recognizable brands in the U.S. as defined by the index provider, Accuvest Global Advisors. As of Sept. 17, LOGO had $3.31 million, representing less than 1% of Global X’s total ETF assets under management.
LOGO’s underlying index includes the top 100 companies according to the Iconic Brands Score, which represents the highest ranking brands from a comprehensive analysis of consumption-focused industries.