iShares has just announced they will close eleven ETFs in August. This is not much of a surprise as iShares closes a few ETFs every year in August but eleven is the most they’ve done at once. Of the eleven closing, three of the funds have more than $30 million under management, the iShares MSCI Colombia ETF (ICOL), the iShares Evolved U.S. Healthcare Staples ETF (IEHS), and the iShares Evolved U.S. Innovative Healthcare ETF (IEIH).
2022 has been a tough year for many ETFs so iShares closing more ETFs than expected isn’t much of a surprise.