HANetf calls time on frontier markets e-commerce ETF due to low AUM

Effective from 13 November 2023

HANetf has begun the process of closing its frontier markets e-commerce ETF, the company said in a shareholder letter.

The company's board decided to close the FMQQ Next Frontier Internet & Ecommerce ESG-S UCITS ETF from 13 November 2023, due to low levels of assets under management. According to data from HANetf, the fund has just over $1.5m in AUM, and the board said, at the current level, it is "impracticable and inadvisable for the fund to continue to operate". HANetf launches European Green Deal ETF The ETF will be de-listed from all the stock exchanges it traded on, with trading ceasing from the close of business on 30 October 2023. Investors will be able to submit requests for subscriptio...