The O-Strip SPDR (OOO) is closing (hat tip Tom Lydon). This is not a shock but it is interesting nonetheless.
This particular fund has brought very little to the table from the outset, its anemic volume made the decision for them about closing the fund.
One idea I have expressed repeatedly is that some new ETFs will be useless and some will offer a lot. We will continue to have to put up with the former to find the latter.
Wikinvest Wire
1 comments:
Right on with the plethora of ETF's with hardly a market. The more actively traded can be of use in a diversified portfolio. I like the isharesSwitzerland for investment, not trading, purposes.
Probably the best portfolio of any ishare country-specific offering for steady growth.I am waiting for two ETF's mixing India, Japan and China growth and value.......
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