Fund closures are ramping up. PGIM Quant Solutions Strategic Alpha International Equity ETF (PQIN), Capital Link Global Green Energy Transport and Technology Leaders ETF (EKAR) have closed. Also closed are, AXS De-SPAC ETF (DSPC), the AXS FOMO ETF (FOMO) and the First Trust Chindia ETF (FNI). The Volt Crypto Industry and Equity ETF (BTCR) also announced its closure.
ETF Newz Says:
It's tougher to raise assets now with investors looking for safe returns in bonds and bond funds.