Stocks Investment Performance Market
Fewer exchange-traded funds closed in March than February, as funds were buoyed by investors putting money into rising stock markets. Still, 2024 is on track to top the number of funds that shuttered last year.
Eighteen ETFs liquidated in March, down 54% from the 39 funds that closed in February, and a decline from the 27 January closures, according to Bloomberg data. That’s also a sharp drop from the 29 that closed in March, 2023. Of the funds that closed, over half had fallen in price so far this year, underperforming the S&P 500, which had its best first quarter since 2019.
All the closures were equity funds, and they spanned categories including international, ESG and thematic funds such as the Subversive Mental Health ETF (SANE).
This year is on track to break records for fund closures, even after last year’s record high. In 2023, closures…
