Tabula Investment Management will close its European investment grade fixed income ETF, due to low demand and assets under management (AUM). The Tabula European IG Performance Credit UCITS ETF (TCEP) will stop trading on March 10 and close on March 14.
ETF Newz Says:
CEO Michael John Lytle on the fund closing said: "All ETF providers are constantly evaluating their product range, and as our business grows and matures, it is inevitable that some ETFs will be closed as many more are opened. The key for us is to keep bringing products to market that add value and fulfil the changing needs of our investors." In reality funds only close when they aren't making money and after 3 years this product was barely breaking even.
