Investing
Vanguard Is Liquidating a US-Listed ETF for the First Time Ever
- Firm says VFLQ hasn’t ‘gained scale since its 2018 debut’
- Decision is sign of industry saturation: Morningstar’s Johnson
This article is for subscribers only.
Asset-management giant Vanguard Group is shutting down one of its US exchange-traded funds for the first time.
The $39.7 million Vanguard U.S. Liquidity Factor ETF (ticker VFLQ) will be liquidated in late November, the firm said in a press release Monday. The fund “has not gained scale since its 2018 debut,” Vanguard said.