ETF Closings, Filings and a New Micro-Cap ETF

By (Tom Lydon),

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The exchange traded fund ( ETF ) industry is rapidly evolving. Some funds are closing, new funds launch weekly and ETF providers are quickly dreaming up new funds and filing for them with the SEC. Here's the latest on what's happening in the industry.

Your ETF Is Closing. Now What?]

Global X has filed with the SEC for the Global X Gold Explorers ETF. The Solactive Global Gold Explorers Index tracks the performance of the largest and most liquid listed companies active in the exploration of gold, reports ETF Daily News . No tickers or expense ratios have been disclosed. [ 5 Signs An ETF Is Closing Up Shop. ]

Olivier Ludwig for Index Universe reports that Claymore Securities rolled out a micro-cap ETF today: Wilshire Micro-Cap ETF (NYSEArca: WMCR) . It is  based on an index from Wilshire Associates and has an expense ratio of 0.50%.  Meanwhile, Claymore is closing their doors on four ETFs as of Sept. 10. The ETFs were lightly traded and unable to garner enough assets and activity to deem worthy of keeping around. The list and an update can be read here .

Tisha Guerrero contributed to this article.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF

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