State Street Global Advisors has closed two ETFs after their net asset values dropped below the firm's minimum levels.
The SPDR STOXX Global Low Volatility UCITS ETF and the SPDR Bloomberg EM Inflation Linked Local Bond UCITS ETF are now set to delist next month, after the board said it did not believe the NAVs would "increase materially in the near future", rendering the funds "uneconomic to operate". World's largest asset managers accused of failing to invest responsibly It added that it believed the proposed terminations were "in the best interests of the fund's shareholders". According to the funds' factsheets, the firm's volatility ETF had a NAV of $22.8m, and the bond portfolio had $47.8m. ...
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