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Lifetime ETF Death Toll Climbs to 85
Posted By Ron Rowland On February 10, 2009 @ 12:19 pm In Commentary,ETF Closings,ETF Statistics,ETFs | Comments Disabled
Yesterday, February 9, was the last day of trading for the 17 NETS brand ETFs  from Northern Trust. If you have not sold your shares by now, then you get to experience the liquidation process first hand. Northern Trust previously stated its intent to pay all remaining shareholders on February 20, the official liquidation date.
The closure of NETS brings the lifetime death toll for exchange-traded products to 85, consisting of 77 ETFs and eight ETNs. We made five predictions  regarding the ETF industry in 2009, and the closure of 17 ETFs already this year suggests we have no reason to alter those predictions.
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URL to article: http://investwithanedge.com/lifetime-etf-death-toll-climbs-to-85
URLs in this post:
 17 NETS brand ETFs: http://investwithanedge.com/first-wave-of-etf-closures-for-2009
 five predictions: http://investwithanedge.com/five-etf-industry-predictions-for-2009
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