Vanguard has just announced the termination of their Vanguard Global Multi-Factor Active ETF (VGMF). The announcement comes after a very dry and lackluster Easter period which led to investor caution causing trading to overall plummet to levels the ETF hadn’t seen in the last year, down -35% totaling $7.5B.
Vanguard Announces Termination of VGMF
ETF Newz Says:
Vanguard stated their decision to terminate the VGMF was due to very low asset growth since inception.