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ETFs Liquidate at Quickest Pace Since 2017 Amid Market Turmoil

  • 72 funds closed in first quarter as coronavirus rocked markets
  • Niche ETFs struggle for foothold in volatility: WallachBeth
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A tumultuous start to 2020 saw exchange-traded funds shutter at the fastest pace in almost three years.

A total of 72 ETFs with $1.4 billion in assets shut down and returned their money to investors in the first quarter as the coronavirus outbreak roiled markets, according to data compiled by Bloomberg. That’s the most since the third quarter of 2017, which saw 73 funds close.