One of the largest ETF issuers, Vanguard, has recently announced the closure of the Vanguard U.S. Liquidity Factor ETF (VFLQ). VFLQ was a very small fund Vanguard, planning on liquidating $44.2 million, but the closure marks the first in Vanguards 21-year history in the space. VFLQ followed a rules-based approach investing in U.S. stocks with lower measures of liquidity across small, mid, and larger caps.
ETF Newz Says:
Vanguard went on to note they will begin reviewing their global product suite to to ensure each fund meets client needs.